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.
FINRA Fines Merrill $150K for Allowing Unregistered Exec to Be Principal
By Jeff BermanThe individual was managing firm's prime brokerage business in violation of FINRA rules, the regulator says.
May 11, 2020
FINRA Announces Delay in Online Test-Taking RegistrationThe broker-dealer regulator said late Sunday that it needs more time to pilot the online test-taking program.
May 08, 2020
Court Expedites Reg BI Oral ArgumentsThe case brought by XY Planning Network and the state AGs shall be heard on June 2.
May 08, 2020
FINRA Sees Operating Revenue Flat in 2020FINRA is again projecting that its expenses will exceed operating revenue for the year.
May 08, 2020
FINRA Seeks to Pay All Disciplinary Hearing Panel MembersCurrently, the chief hearing officer has discretion to compensate those who serve on extended hearing panels only.
May 08, 2020
Registration Starts May 11 for FINRA, NASAA Online Test TakingFINRA has also filed a proposed rule with the SEC to allow for certain documents to be delivered via email.
May 07, 2020
Raymond James Adds $507M UBS Advisors: Recruiting RoundupMeanwhile, LPL picks up another group from Securities America; this one is based in Texas.
May 07, 2020
UBS Postpones Advisor Comp ChangesMeanwhile, its advisor headcount in the Americas is down 294 from last year and 44 from the prior quarter.