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.
Ex-Rep Wins FINRA Arb Case Against Morgan Stanley
By Jeff BermanBut the award was much lower than what the broker had sought.
March 19, 2020
NASAA Opposes SEC Plan to Expand Accredited Investor DefinitionState securities regulators say the new definition would fail to protect investors.
March 19, 2020
Wirehouses Pushing Remote Work, but Offices Stay OpenMerrill, Morgan Stanley, UBS and Wells Fargo Advisors are updating policies to adjust to the pandemic.
March 17, 2020
Wells Fargo Claws Back $15M Bonus From Ex-CEOThe news comes just a few weeks after the bank said it would pay regulators $3 billion to settle its fake-accounts scandal.
March 13, 2020
Wirehouses Limit Travel Due to VirusHere's how Merrill, Morgan Stanley, UBS and Wells Fargo are adjusting their advisor operations amid the pandemic.
March 13, 2020
FINRA Tweaks Suitability Rule to Address Reg BI ConflictsFINRA is also adjusting its noncash compensation rules.
March 12, 2020
Wells Fargo Advisors Raises Required Asset Level for Fee WaiverIn September, the asset level required to avoid the fee will be raised from $250,000 to $500,000.
March 12, 2020
SEC Gets Final Judgment Against Ex-Morgan Stanley, Wells Fargo RepThe former broker had pleaded guilty to swindling more than $1.6 million from customers.