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.
Wells Fargo Fined $250M Over Unresolved Issues Tied to Scandals
By Hannah LevittThe penalty adds to the $5 billion in fines and legal settlements the bank has paid over the last five years for fake accounts and more.
September 08, 2021
LPL Nabs Morgan Stanley Exec for Compliance RoleMichael Morningstar will oversee the litigation, arbitrations, regulatory matters and client disputes for the independent broker-dealer.
September 08, 2021
Firm Breaks Away From UBS to Start $850M Indie RIAEight-person firm Mitchell WealthCare changed its name to Next Level Private after it left the wirehouse.
September 07, 2021
Wall Street Is Back — Just Not the Way Execs Had HopedWall Street's five largest banks aim to stick by plans to open buildings to more staff, but smaller rivals have balked.
September 03, 2021
FINRA Bars Ex-Merrill Rep Who Received COVID Disaster LoanThe ex-broker was terminated by Merrill after he refused to produce documents it requested while investigating whether he improperly applied for an EIDL.
September 02, 2021
Wells Fargo Pushes Back Its Return to OfficeThe bank will now begin bringing back staffers who have been working remotely starting Oct. 18.
September 02, 2021
Snappy Kraken Delays JOLT Conference: Tech RoundupMeanwhile, the UBS Investment Bank has given new funding to the Lynk AI-driven platform.
August 31, 2021
Wall Street Vaccination Policies: What 9 Firms Are RequiringUpdated CDC guidance and rising infection rates due to the delta variant have prompted more firms to institute mandates.