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.
Under Trump Order, SEC Warns of Investments in Chinese Military Companies
By Melanie WaddellBeginning on Jan. 11, U.S. persons will be prohibited from transacting in certain securities and derivatives of these companies.
January 04, 2021
529 Plan Share Class Crackdown Yields $2.7M for ClientsRestitution and interest for owners of 529 plan accounts came from 19 firms, says FINRA.
January 04, 2021
Morgan Stanley Team Goes Indie With Raymond JamesThe group includes four advisors, three of whom have more than 20 years in the business; it is based in Franklin, Tennessee.
December 30, 2020
Morgan Stanley to Return $1.7M in Excess 529 Plan Fees, InterestFINRA's self-reporting 529 plan share-class program includes $2.7 million in total restitution and interest paid to clients of 3,900 accounts.
December 23, 2020
FINRA Seeks Feedback on Lessons Learned From COVIDThe group requests input on changes to business operations due to remote work as well as business continuity planning.
December 23, 2020
SEC Seeks Feedback on BDs' Custody of Digital AssetsSecurities regulator also wants comments on "evolving standards and best practices" with respect to custody of digital asset securities.
December 23, 2020
Ex-Merrill Rep Sentenced to 8 Years in Prison for FraudThe former broker had pleaded guilty to investment advisor and wire fraud.
December 23, 2020
How to Get Clients Started on Legacy PlanningRather than focusing on inheritance, ask clients what they want their long-term impact to be, says attorney and tax expert Toby Mathis.