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 Ex-Merrill Rep Who Hid Apartment Rental Business
By Jeff BermanThe former broker voluntarily resigned from Merrill while under internal review, FINRA says.
October 12, 2020
SEC Clarifies Form CRS Rules on Reporting Disciplinary HistoryThe clarification follows a report that at least 1,300 firms failed to report disciplinary or legal events on the form.
October 12, 2020
XYPN Rules Out Supreme Court Challenge to Reg BIXYPN has retained industry lobbyist Duane Thompson to help push for state-level fiduciary rules.
October 09, 2020
Raymond James Unit Adds $400M AdvisorReynaldo Figueredo joins Alex. Brown from Deutsche Bank, the former owner of the business unit.
October 09, 2020
Morgan Stanley Hit With $60M Fine Over Data BreachesMorgan Stanley failed to properly oversee the decommissioning of two data centers in 2016, the OCC says.
October 08, 2020
Morgan Stanley CEO Goes Hunting Again With $7B Eaton Vance DealJames Gorman's two latest mega-deals are the largest carried out by any of the big banks in Wall Street's post-crisis reincarnation.
October 08, 2020
Should Advisors Fear BofA's New Digital Planning Tool?Life Plan is a "mixed blessing" for Merrill's Thundering Herd, says executive recruiter Mark Elzweig.
October 08, 2020
Wells Fargo Cuts More Than 700 JobsOther firms like Citigroup, Goldman Sachs and JPMorgan also have made targeted reductions.