Karmen Alexander

Merrill Lynch has agreed to pay $1.25 million to former Miami Dolphins cornerback Sean L. Smith to settle allegations tied to a barred broker, according to regulatory filings.

Michael Bonomo (left) and Taylor Wan, who joined UBS in the San Francisco Bay Area.

The Coplin Wealth Partners team, which joined Rockefeller from UBS in Naples, Florida.

The Emerald Wealth Management team which joined LPL from Northwestern Mutual.

A former broker in Dothan, Alabama, was permanently barred from the industry and ordered to pay a $50,000 civil penalty over allegations that he sold his advisory practice to a fraudulent broker, according to a final judgment in U.S. District Court for the Middle District of Alabama.

A Merrill Lynch team managing $830 million in assets defected on Friday to Morgan Stanley in Los Angeles, according to a source close to the hiring firm.

Soundview Wealth Management, which joined LPL from D.A. Davidson in Seattle.

A pair of Ameriprise Financial brokers managing $550 million in assets returned to Wells Fargo Advisors in Southlake, Texas, according to a spokesperson for the hiring firm.

JPMorgan Chase & Co. is not backing down following a high-profile arbitration loss last week tied to a Los Angeles broker’s Super Bowl party expense.

Jaslinne Lopez (left) and James Graves, who joined Rockefeller from Morgan Stanley on May 29.