Citi to Pay $3.1M for Florida Real Estate Debacle
The clients of a former Smith Barney advisor may also get up to $10 million for related expenses.
BofA-Merrill Moves to Settle Lawsuit With Black Brokers
The lawsuit, which alleges discrimination and was initiated in 2005, could be resolved for a reported $160 million as early as Tuesday.
UBS Adds Morgan Stanley Advisor, but Loses Team to Boutique Firm
A group of Wells Fargo reps with about $220 million in assets departs to go independent with an LPL affiliate.
SEC’s Structured Products Chief to Exit
The SEC announced Tuesday that Kenneth Lench, chief of the Enforcement Division’s Structured and New Products Unit, will leave the agency for the private sector at the end of July.
Baird Grabs 7 Wells Fargo Advisors With $1.9B
The veteran reps come on board in Houston, where the employee-owned broker-dealer has launched a new retirement program.
Morgan Stanley Nabs Wells, UBS Reps
Meanwhile, Janney recruits a team from Stephens in Columbia, S.C.
BDs Share Latest FA
In early April, Baird said it recruited a team of seven employee advisors with about $770 million in client assets from Wells Fargo in Houston, while Royal Alliance announced that it added two independent teams in Chicago and Salt Lake City with combined assets of more than $400 million and...
Recruiting Roundup: Baird Grabs Wells FAs, UBS Branch Manager; Royal Adds 2 Indie Groups
The new Baird group has about $770 million in client assets, and the new Royal Alliance-affiliated reps have more than $400 million.
Top Posts at Broker-Dealers See Big Changes
LPL, Morgan Stanley and Raymond James all announced big moves recently.
LPL Branding Plan: A Work in Progress
The independent broker-dealer ends its CNBC campaign this week and refuses to elaborate on future plans.