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 Legal Chief Clarifies Suitability Rule Status After Reg BI
By Melanie WaddellFINRA is also mulling getting rid of manual signatures, Chief Legal Officer Robert Colby says.
May 18, 2020
Advisor Comp May See Big Change Due to COVID-19: Aite GroupThe shift will move from a focus on asset base to one that also includes services provided.
May 14, 2020
FINRA Fines Merrill $150K for Allowing Unregistered Exec to Be PrincipalThe individual was managing firm's prime brokerage business in violation of FINRA rules, the regulator says.
May 14, 2020
RBC Nabs $600M UBS TeamThe wealth firm says COVID-19 shelter-in-place restrictions have "not slowed" its recruiting pace.
May 12, 2020
Morgan Stanley to Pay $5M Over Wrap-Fee IssuesThe SEC says the wirehouse often directed clients' trades in ways that led to extra transaction charges from 2012 to 2017.
May 11, 2020
FINRA Announces Delay in Online Test-Taking RegistrationThe broker-dealer regulator said late Sunday that it needs more time to pilot the online test-taking program.
May 08, 2020
Court Expedites Reg BI Oral ArgumentsThe case brought by XY Planning Network and the state AGs shall be heard on June 2.
May 08, 2020
FINRA Sees Operating Revenue Flat in 2020FINRA is again projecting that its expenses will exceed operating revenue for the year.