Morgan Stanley to Pay $8M Over Inverse ETFs
SEC says the wirehouse failed to get signed disclosure statements from several hundred clients who bought the "typically unsuitable" products.
Raymond James Adds $5M Morgan Stanley Team
The four advisors switch firms with about $460 million in assets in Mt. Laurel, New Jersey.
New Digs for Morgan Stanley?
The wirehouse is reportedly looking to move its Times Square headquarters to 50 Hudson Yards, on the west side of Manhattan.
Morgan Stanley Grabs $4.6M Merrill Team
The recruiting news comes as the rival wirehouses take divergent paths with their post-fiduciary rule strategies.
HighTower Nabs $1B Breakaway Duo in New York: Recruiting Roundup
Meanwhile, RBC adds a pair from Merrill Lynch in Minneapolis with $1 million in yearly fees and commissions.
First Republic, Raymond James & RBC Grab Merrill Reps: Recruiting Roundup
Meanwhile, Merrill Lynch adds a $2 million-producing advisor from Morgan Stanley.
Wall Street Execs Raise Concerns About Trump’s Immigration Crackdown
Business disruption and diversity concerns are cited by the CEOs of Morgan Stanley, Goldman Sachs and JPMorgan.
Morgan Stanley to Cut Fees, Keep Commissions Despite DOL Doubts
While speculation about the fiduciary rule abounds, the wirehouse insists it will decrease conflicts of interest and redundant offerings.
2 Types of ‘Currency’ That Help Women Succeed
At FSI conference, Carla Harris of Morgan Stanley discusses how women can rise and says the push for diversity shouldn’t be just "a bull-market phenomenon."
Morgan Stanley Q4 Profits Double, but Wealth Group Misses Target
CEO James Gorman says the firm's wealth management operations will produce better results this year.