Wealth Firms Adding Indie, Wirehouse Reps
A number of successful advisors are switching channels and broker-dealers at a quick pace in midsummer.
Wells Fargo Grabs 8 Advisors With $1 Billion in Assets
Meanwhile, RIAs affiliated with Focus Financial and LPL add reps.
Merrill Nabs 2 Advisors, Wells Adds 5
The new Merrill team has $3 billion in assets, while each of Wells Fargo’s latest recruits produces more than $1 million in yearly fees and commissions.
Leveraged ETFs: What Brokers Don’t Know Could Cost Them
FINRA has ordered Stifel Nicolaus and Century Securities to pay more than $1 million combined for improper sales of leveraged and inverse ETFs.
A Broker Who Broke Bad
Serving nearly 400 days in federal prison wasn’t what Justin M. Paperny had in mind when he became a stockbroker fresh out of the University of Southern California, psychology degree in hand.
The Crown of a Good Name
On the big screen, fictional insider-trading sleazeball Gordon Gekko exhorted: “Greed … is good.”
FINRA Sanctions Citigroup, Wells Fargo, Morgan Stanley and UBS for ETF Violations
The Financial Industry Regulatory Authority (FINRA) announced Tuesday that it has sanctioned Citigroup Global Markets, Inc; Morgan Stanley & Co.; UBS Financial Services; and Wells Fargo Advisors, a total of more than $9.1 million for selling leveraged and inverse exchange-traded funds (ETFs) without reasonable supervision and for not having a...
New Hires Roundup: 3 New Brokers at RJ; EisnerLubin Merges
Raymond James adds brokers from UBS, MSSB in south Florida; Erado expands; SEC job openings.
Raymond James Adds $425M-plus FAs From Merrill, UBS and Morgan Stanley
Seven advisors with more than $425 million in assets joined the employee channel of Raymond James in Virginia and Florida.
Raymond James Adds HNW Advisor From UBS
The $1 million producer is expected to join the independent channel of Raymond James with about $110 million in client assets.