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.
Morgan Stanley Must Pay Over $100K to Client: FINRA Arb Panel
By Jeff BermanThe client said the wirehouse failed to supervise when unsuitable investments were made on her behalf.
October 06, 2021
Morgan Stanley's Mike Wilson Warns of Fresh Stock-Market Pain"We've been calling for this 10-20% correction that would be led by tech stocks," said the chief investment officer and U.S. equity strategist.
October 05, 2021
Merrill to Pay $1.5M FINRA Fine Over Muni ShortsThe firm failed to notify investors in munis that they were receiving "substitute" interest payments that weren't tax-exempt, FINRA says.
October 05, 2021
Court Date Set for Suspect in Merrill Exec's MurderA preliminary hearing for Anthony Duwayne Turner, accused of killing Bank of America executive Michelle Avan, has been set for Dec. 1.
September 30, 2021
David Komansky, CEO Who Led Merrill's Global Growth, Dies at 82The sale of Merrill to Bank of America in 2008 "broke my heart," Komansky said in a 2010 interview with Bloomberg Television.
September 29, 2021
DOJ, SEC Charge Ex-Advisor With Bilking 3 Older ClientsThe ex-broker used the money to pay for luxury cars, vacations, private school tuition and a gold necklace, according to the authorities.
September 29, 2021
Wells Fargo Pushes Back Return-to-Office Date, AgainThis is the fourth time the bank has switched its return-to-office date, after initially planning to bring workers back on Sept. 7.
September 28, 2021
New Morgan Stanley Program to Help Wealth Managers Work With Ultra-Wealthy FamiliesThe Morgan Stanley Family Legacy and Governance Institute is intended to help them support decision-making and success within families.