Independent broker-dealer aggregator Atria says SCF Securities will add about 150 brokers with $4 billion in assets under administration.
One week after losing a $2.6 million team in Atlanta to Janney Montgomery Scott, Morgan Stanley nabs two comparable producers near Baltimore from Merrill Lynch.
A federal judge granted Morgan Stanley’s motion to block the RBC group from soliciting their former clients and denied the brokers’ counterclaim.
Brokers who brought a ‘constructive discharge’ claim against the firm in 2017 have agreed to repay the balance on six promissory notes, according to an arbitration award.
Company says the former congressman and managing director was never accused internally of sexual misconduct but was fired for unspecified “corporate policy” reasons.
AdvisorHub follows up on the cases of Kathy Tarr, who accumulated 42 customer complaints in two years, and ex-Morgan Stanley veteran Bryan Yeager who was dismissed at the end of March for formerly unexplained reasons.