This Week’s Top 5: Another Merrill Exit in S.C., Vaccination Carrots and Sticks, And More
- Another Team with a $600-Mln-Plus Book Leaves Merrill in Greenville, SC
A five-person team, led by two Merrill Lynch lifers, defected from the wirehouse for Raymond James & Associates on September 29, according to registration records.
- Merrill Offers $200 Payments to Vaccinated Staffers Who Return to Office
The payments are being offered to those in field roles, excluding advisors and office managers, a company spokesman confirmed.
- Bill Gross Found in Contempt of Court, Gets Suspended Jail Time
Bill and Amy Gross were found guilty of contempt of court for flouting a judge’s order not to annoy their California neighbor with loud music. The couple was sentenced to 5 days in jail, which was suspended because of Covid-19.
Rockefeller Nabs UBS Team, Morgan Stanley Brokers Jump to J.P. Morgan and Gladstone
Los Angeles team that joined Rockefeller includes two brokers who had overseen $320 million in assets while J.P. Morgan hires managed $250 million and the Gladstone broker oversaw $200 million.
- Morgan Stanley Chairman’s Club Broker Clears Record After Two Decades
Jonathan R. Legg, who joined Morgan Stanley in 1999 after being permitted to resign from a B. Riley predecessor firm for alleged violations of firm policies on discretion in client accounts and reporting of customer complaints, was granted expungement of nine related client claims.