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 Suspends Ex-Wells Fargo Rep Who Borrowed $16K From Client
By Jeff BermanThe broker then falsely claimed he did not engage in any such arrangement, the regulator says.
May 22, 2020
Morgan Stanley Sees Just Half of Staff in Offices by Year-EndCEO James Gorman also discusses diversity, management pay cuts and business in China at virtual shareholder meeting.
May 21, 2020
FINRA Bars Ex-Wells Fargo Rep Fired for 'Unprofessional Conduct'Broker then refused to appear for on-the-record testimony, regulator says.
May 21, 2020
Morgan Stanley to Open Wealth Unit in CanadaThe new business aims to build on the firm's current Shareworks stock-plan administrative services.
May 21, 2020
Reg BI Unfair to Financial Planners, FPA Tells CourtFinancial planners are required to register as investment advisors but Reg BI allows brokers to avoid such registration, FPA said.
May 21, 2020
Raymond James, RBC and LPL Nab Wirehouse Reps Virtually: Recruiting RoundupThe firms recently added advisors from UBS, Morgan Stanley and Wells Fargo, despite the pandemic-related shutdown.
May 20, 2020
FINRA Legal Chief Clarifies Suitability Rule Status After Reg BIFINRA is also mulling getting rid of manual signatures, Chief Legal Officer Robert Colby says.
May 19, 2020
Schwab Commits $500K Match to FFP's COVID-19 Fund: Coronavirus Aid RoundupWells Fargo, HSBC and Cetera are among other companies offering COVID-19 relief.