Brokerage seeks payback of more than $3.6 million, claiming ex-broker Darin DeMizio “intentionally defrauded Morgan Stanley and concealed his fraud” while working at the firm.
Wells Fargo is testing new models that would pay on a salary plus commission basis in effort to attract Millennials
At its board meeting, Finra approved background checks for brokers and plans to consider requiring new information such as exam scores on BrokerCheck.
The team, who previously managed $285 million in assets, join Merrill in New York.
N.Y. Supreme Court justice dismisses a complaint from three former trainees who claimed they were given a book called “Seducing the Boys' Club” and ultimately fired out of bias.
The rich are getting richer, and that's good news for banks' wealth management units. But for how long?
<i>Breakfast with Benjamin:</i> Brokers pouncing on 401(k) biz. Plus: The Clintons dodge the estate taxes they support. The Fed wants to add exit fees to bond funds, U.S. banks on the edge of new funding rules, Congress mulls investor confidence on your dime, El-Erian sides with the IMF, and merger mania is alive and well.
Nick Schorsch has been snapping up B-Ds with the fervor of Carrie Bradshaw from “Sex and the City” chasing down her next pair of Manolo Blahniks. But with J.P. Turner, is the firm's stock-jockey history a problem or did Nick buy a gem at downtown prices?
Both SIFMA and FSI cautious about Finra proposal to strengthen its database.
Asset management fees hit a record $1.5 billion, up 21% from the first quarter last year; assets on Merrill One surge.
Comment letters show independent B-Ds want no part of it, while wirehouses are all for it.
If the industry hopes to build trust, clients have to understand what they're paying, executive tells crowd at conference in New York.
Morgan Stanley chief financial officer Ruth Porat called the low number of women running U.S. companies an “embarrassment” that shows the need for new laws.
Sallie Krawcheck, the former Bank of America Corp. and Citigroup Inc. executive, said women lost ground on Wall Street after the financial crisis because executives and boards hired people who looked like them.
Trio previously worked at J.P. Morgan Private Client Service Group.
High employee turnover is brutal for a service business such as financial advice. Joe Duran on how to create a dynamic culture within your office.
Co-chairman of debt-reduction commission says the markets are headed toward a dip worse than 2008 if politicians don't get spending under control
Year-over-year profits at the big four rose 16% in the first quarter, but which firm fared best?
After profits climb 30%, CEO challenges brokers to do more lending and boost margins
