The firm’s employee loan balance rose for the first time in eight years as it has jumped back into veteran broker recruiting.
Advisor and local restaurateur Kerry Moy accepted a two-month suspension and $5,000 fine for allegedly including the wrong names of attendees on business meals when seeking reimbursement.
The filing appeared on the record for a California broker and managing director who is part of Morgan Stanley’s Sports and Entertainment Group.
Robert Runkle left for Morgan Stanley on Friday after 38 years with the Thundering Herd.
Group led by Stan Alpert and Gregg Kaufman had overseen $725 million in assets at Morgan Stanley.
Richard Altieri, a Chairman’s Club producer pushed out last week over alleged procedural lapses, has agreed to join Raymond James’ employee branch channel.
Broker who was discharged after 23 years for failing to share account credits with retired advisor gets lifetime bar from regulator.
Richard Altieri, who had been managing $953 million, according to Barron’s, left under pressure this week after more than three decades at Morgan Stanley and its Smith Barney predecessor.
Unexpected departure of Dallas-area broker whose team produced around $3 million appears related to unapproved outside business activities, sources said.