Miriam Rozen

Finra’s National Adjudicatory Council confirmed Alpine Securities engaged in “egregious misconduct,” according to a March 25 decision.

The plaintiff had claimed Morgan Stanley unfairly targeted him as a white male over 40 years old.

San Diego-based LPL could increase its advisor headcount by about 10% if all 2,900 Commonwealth brokers join.

Remote-working advisors were scrambling on Monday following a memo from Morgan Stanley Wealth Head Jed Finn.

A three-judge panel of the U.S. First Circuit Court of Appeals remanded the case against Commonwealth to the trial court, which had granted an SEC summary judgement motion approving of the costly discipline.

Trading and client account access systems at LPL Financial, the nation’s largest independent broker-dealer, were suffering from outages for hours on Thursday, according to two advisors at the firm.

But that doesn’t mean clients are selling or buying assets based on their opinions about President Donald Trump’s globally-imposed, disruptive tariffs.

CEO Charlie Scharf noted that a “timely resolution” of the current economic uncertainties would benefit U.S. “businesses, consumers and the markets” and therefore be “good for Wells Fargo.”

Bank of America is making steady progress towards its ambition of more closely tying its Merrill Lynch retail brokerage unit with its consumer bank, executives said on Thursday.

Sieg and the team he has assembled since moving from Merrill Lynch have given Citi’s wealth business’ investment capabilities “real horsepower and firepower,” Jane Fraser said.