Former J.P. Morgan broker and manager sold names and account values of some customers to another firm’s rep for $7,500.
The Swiss bank also hired a broker from Merrill to become its assistant market head for northern California, according to a memo seen by AdvisorHub
In what may acknowledge the difficulties of litigating during the coronavirus crisis, Fidelity and former broker reached an agreement on calling his former clients.
Accuses advisor who was managing $356 million of breaching his employment contract by soliciting clients and offering at least one of them lower fees.
The bank, which is expected to begin operations in late 2021, will expand Jones’ securities-based lending menu and give it deposit capabilities.
Fund and brokerage behemoth accelerates hiring of about 2,000, including licensed advisors, to contend with questions spawned by volatile markets and government extension of tax and IRA contribution filings.
Morgan Stanley and a broker it hired in June have agreed not to contact former clients pending the outcome of a parallel claim Fidelity has brought in arbitration.
The U.S. Securities and Exchange Commission said it plans to approve active non-transparent ETFs from T. Rowe Price, Natixis, Fidelity and Blue Tractor, according to filings on Thursday.
New survey of brand familiarity finds discount brokerage giants trouncing wirehouses in “unprompted” name recognition across a wide wealth spectrum of investors.
Despite no-cost trading for RIAs and self-directed investors, BlackRock will not pull off of Fidelity’s no-commission ETF platform to save costs, said CEO Larry Fink.
California advisor who joined an RIA claimed Fidelity filed a client-contact lawsuit against her and her new firm in retaliation for her complaint about a manager and the work environment.