Wirehouse Firms
Learn the ins and outs of the wirehouse channel, including news, analysis and more on Bank of America-Merrill, Morgan Stanley, Wells Fargo and UBS.
Sen. Warren Questions Wells Fargo, Again
By Janet LevauxThis time, she and another senator want to know about reports that the bank paused mortgage payments without customers' consent.
July 23, 2020
Ex-Morgan Stanley Staffers Want Out of NDAs to Discuss RacismAt least six former employees say they can't share their experiences because of non-disclosure pacts they signed.
July 23, 2020
$445M Wells Fargo Reps Move to StifelThe four advisors join the firm in South Dakota and Washington.
July 22, 2020
UBS Scores Naming Rights to New NY Islanders NHL VenueThe firm has made a $1.5 billion private investment into UBS Arena, future home of the Rangers' crosstown hockey rival.
July 21, 2020
FINRA Slams Ex-Morgan Stanley Rep for Unsuitable, Costly InvestmentsFirm's former broker recommended U.S. Treasuries strategy that he profited from, but clients collectively lost money on, FINRA claims.
July 21, 2020
UBS to Pay Over $10M for Muni ViolationsThe firm circumvented the priority given to retail investors in certain municipal bond offerings, SEC claims.
July 21, 2020
SEC Nominee Crenshaw Details Reg BI Compliance PrioritiesFirms need to be held accountable when they fail to comply, Crenshaw said at her nomination hearing.
July 20, 2020
Former Morgan Stanley Advisor Pleads Guilty to $6M FraudThe former rep will pay $4.4 million and could spend 20 years in prison, the Justice Department says.