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 Advances Rules on Senior Exploitation, E-Signatures
By Melanie WaddellFINRA plans to publish a Regulatory Notice seeking comment on amendments to its senior exploitation rule.
September 16, 2020
Treasury's Crime Unit Seeks Comments on AML Rule ChangesPlanned changes would "modernize the regulatory regime to address the evolving threats of illicit finance," FinCEN states.
September 16, 2020
UBS Buying Credit Suisse? Give It a ChanceOn paper, the strategic and financial logic is too appealing to ignore.
September 16, 2020
UBS Plans Higher Fees to Push Rich Clients Out of Costly CashThe bank will hike fees on clients outside Switzerland who hold cash in the country.
September 15, 2020
Best Financial Strategy Before Election Is to Wait and See: Wells Fargo AnalystsIt's too soon to say what will happen on Election Day, so the best plan is to decide what investors' money goals are and plan accordingly, the firm's analysts say.
September 15, 2020
Ex-Broker Says Wells Fargo's Incentives Tanked His BusinessJohn Kwit, now an RIA, tells ThinkAdvisor how the wirehouse pressured him and other employees and how referrals dried up amid the fake-accounts scandal.
September 15, 2020
Cheating on Exams Will Get You Barred, FINRA WarnsFINRA plans to issue a reg notice seeking comment on a "new expedited proceeding" rule for reps and nonreps who cheat on exams.
September 15, 2020
Citi Taps Merrill Exec to Head Wealth ManagementThe news comes less than a week after the bank named Jane Fraser as CEO Michael Corbat's replacement starting in February.