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.
The Bizarre Recruiting Case of Alfonso Montoya
By Jane Wollman RusoffA $150 million book of business Wells Fargo promised him never materialized and then the wirehouse took him to arbitration.
October 09, 2014
ThinkAdvisor’s 2014 Q3 Earnings Calendar for the Finance SectorA list of Q3 earnings release dates for companies of interest to financial advisors and investors.
October 09, 2014
SEC Slaps E*Trade for Unregistered Transactions, Issues Risk AlertSEC says that brokerage subsidiaries of E*Trade engaged in unregistered sales of micro-cap stocks; also issues Risk Alert reminding BDs of unregistered transaction duties.
October 09, 2014
New Hire Roundup: Vanguard’s McNabb to Serve Additional Term at ICIMeanwhile, Dynasty Financial Partners announced a new partnering with Nova Wealth Advisors.
October 06, 2014
Focus, Dynasty Add Teams; Morgan Stanley Grabs 4 FAs With $660MBoutique firms continue to attract registered reps, including some from the wirehouse firms.
September 30, 2014
BofA to Pay $7.65 Million SEC Penalty Over Capital OverstatementsBank of America will pay millions on claims that it overstated its capital by billions after failing to report losses tied to Merrill buy.
September 22, 2014
Wells Fargo Fined $5M Over Advisor’s Insider Trading, Altered DocumentSEC says Wells Fargo Advisors was slow to release required compliance documents and "altered" one related to sales of Burger King stock.
September 22, 2014
UBS Loses Court Appeal of $1.4 Billion French Bail DemandThe bank must pay a security deposit to cover a potential fine for alleged money laundering, a Paris court ruled.