FINRA Panel Says UBS Must Pay $9M to Puerto Rican Muni Investor
The arbitration ruling comes just one month after an $18 million ruling, with more decisions expected.
First Republic, FiNet Grab Reps From Rivals
A UBS advisor moves firms in SoCal, while two registered reps with LPL and Edward Jones join Wells Fargo Financial Network.
Morgan Stanley Taps New Chief Stock Strategist
The decision follows the departure of an executive to a hedge fund.
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.
Wells Fargo Said Likely to Withhold Bonuses for Top Execs
Board said to near final decision after talks in January; move would reflect bank’s performance in year hit by scandal.
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.
Merrill Edge Launches Robo-Advisor With a Twist
Portfolios will be based on ETFs made by Vanguard and others; Bank of America also introduces automated branches.