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.
Enforcement Roundup: FINRA Fines Morgan Stanley for Failures to Supervise Advisor Program
By Marlene Y. SatterIn other action, Massachusetts charges couple with fraud in real estate ventures.
October 09, 2014
New Hire Roundup: Vanguard’s McNabb to Serve Additional Term at ICIMeanwhile, Dynasty Financial Partners announced a new partnering with Nova Wealth Advisors.
October 06, 2014
Focus, Dynasty Add Teams; Morgan Stanley Grabs 4 FAs With $660MBoutique firms continue to attract registered reps, including some from the wirehouse firms.
September 30, 2014
BofA to Pay $7.65 Million SEC Penalty Over Capital OverstatementsBank of America will pay millions on claims that it overstated its capital by billions after failing to report losses tied to Merrill buy.
September 22, 2014
Wells Fargo Fined $5M Over Advisor’s Insider Trading, Altered DocumentSEC says Wells Fargo Advisors was slow to release required compliance documents and "altered" one related to sales of Burger King stock.
September 22, 2014
UBS Loses Court Appeal of $1.4 Billion French Bail DemandThe bank must pay a security deposit to cover a potential fine for alleged money laundering, a Paris court ruled.
September 18, 2014
Morgan Stanley to Absorb Customer Losses After Mutual Fund SnafuMorgan Stanley will offer to swallow some losses incurred by customers who bought mutual funds after failing to make fund prospectuses accessible online.
September 16, 2014
Ex-UBS Intern Sues for $5M Over Sexual Harassment, DiscriminationYoung woman says her advisor boss promised her purses and shoes as a bonus for sexual favors.