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 COVID-19 Fraud Task Force Has Referred 50 Potential Scams to SEC
By Melanie WaddellFINRA has hired Greg Ruppert, formerly of Schwab, to spearhead its COVID-19 fraud task force.
April 30, 2020
FINRA Bars Ex-Wells Fargo Rep for Not Cooperating With InquiryThe broker was being investigated for an investment-related customer complaint.
April 29, 2020
Groups File Petition to End SEC Crackdown on 12b-1 Fees"It is time for the SEC to stop its troubling, ongoing trend of backdoor regulation," said FSI's Dale Brown.
April 27, 2020
FINRA, NASAA to Launch Online Testing ServicePrometric, which administers FINRA exams, will supervise exams via the computer camera and other web tools.
April 27, 2020
Breaking Away in a Pandemic: How 2 Advisors Launched Their Own RIA FirmsElk River Wealth Management and Quantum Private Wealth overcame challenges to open their doors in recent weeks.
April 27, 2020
SEC Clarifies When Use of 'Advisor' Violates Reg BIThe SEC recently updated its Reg BI FAQ guidance.
April 27, 2020
LPL Adds $300M Wells Fargo Team to Breakaway ChannelThe group comes on board using the independent broker-dealer's new affiliation model for wirehouse reps.
April 24, 2020
FINRA Is on a Hiring SpreeFINRA's new virtual onboarding initiative, "FINRA in a Box," was launched in March to get new workers set up at home.