Miriam Rozen

A former Morgan Stanley advisor is pushing back on the wirehouse’s request for a temporary restraining order by noting that the firm waited six months after his departure to launch its legal battle.

Fired LPL CEO Dan Arnold was granted around a third of his outstanding stock options.

Law firms are preparing for radical changes in policy in contentious areas of civil rights

Firms continue to decrease their emphasis on advisors using home-office portfolios, and instead say their goal is to give advisors more support to build their own strategies, according to Boston-based consulting firm Cerulli Associates.

The Securities and Exchange Commission’s Office of Investor Advocate is recommending that the federal agency steps up requirements for disclosure and transparency around registered investment advisory firms’ use of mandatory arbitration agreements.

The Financial Industry Regulatory Authority inched closer to reforming its long-loathed and often-violated rules governing outside business activities and private securities transactions.

Merrill Lynch will pay $4.9 million to settle allegations from a class of current and former salaried advisors who said they were wrongfully denied overtime pay, according to court filings.

Ameriprise Financial secured a partial victory in its legal battle with independent brokerage giant LPL Financial over allegations that LPL encouraged recruits to take sensitive client data.

A group of investors are testing the limits of firms’ liability with a claim that Raymond James Financial owes them $5 million for an advisor’s allegedly improper recommendations even though they were never the firm’s customers.

The Financial Industry Regulatory Authority ordered Edward Jones, Osaic Wealth and Cambridge Investment Research to repay over $8.2 million total to customers who were improperly charged mutual fund sales charges, according to an announcement.