News
Edward Jones Wins TRO Against Ameriprise Broker
Jones wins approval to keep South Carolina advisor with five years of experience from soliciting former clients to his independent brokerage practice.
UPDATE: Bank of America Says Access to Merrill Accounts Has Been Restored
Brokers Tuesday morning say they cannot get confirmations of trade executions or complete wire transfers, and self-directed Merrill Edge customers said they can’t access their accounts.
LPL Lures Arizona ‘Enterprise’ Team from Securities America
Shift of “office of supervisory jurisdiction” with about 30 advisors servicing $1 billion to LPL follows 10-year affiliation with unit of Advisor Group.
Finra Hits Another Veteran Broker Over UIT Sales
Regulator’s crackdown on unsuitable short-term trading of UITs hits former Stifel broker, now with Wells Fargo, who agreed to a $10,000 fine and three-month suspension.
This Week’s Top Stories: Morgan Stanley Probes Inherited Accounts, Merrill Team Shifts to First Republic, and More
Most popular stories from November 15 to November 21.
Arbitrator Orders Wells to Clean Private Banker’s Record—and Pay for It
Atlanta wealth management banker wins expungement of report that she was fired for enrolling customers in unasked-for insurance policies, something Wells allegedly encouraged.
UBS Prevails Against Wealthy Investors in ‘YES’ Options Decision
Arbitrators deny fraud claim involving an options “overlay” strategy devised by New York team that allegedly cost investors millions of dollars in losses.
Morning Brief: Treasury Battles Fed on Stimuli, Jobless Claims Rise
Top stories from around the web
LPL Hires RBC Arizona Team to New Channel
Trio managing $380 million is the fifth to join new Strategic Wealth Services unit launched for employee-channel producers seeking more support than typical LPL independent contractors.
Wells Loses Texas Veteran, Maryland Up-and-comer to Independence
Texas broker who spent his 27-year career at Wells and predecessor A.G. Edwards chafed over small-account policies; nine-year NextGen star in Maryland wanted greater marketing and investment-choice freedom.
Morning Brief: Stocks Tank in Late-session Selloff
Top stories from around the web
