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Merrill fined $2.5 million for supervision violations in Massachusetts
Training session did not include discussion of fiduciary requirements when commission-based assets are moved to fee-based accounts
Morgan Stanley shuffles leadership in wealth unit
Co-head of global capital markets, Raj Dhanda, to lead investment products and services.
Investors see few benefits of lower fees in adviser-sold investments
Managed accounts sold by advisers deflect trend toward lower-fee money management as brokers work to maintain profits: Cerulli.
SIFMA claims White House figures on DOL rule flawed
A new paper by the organization concludes $17 billion estimate of lost retirement savings not substantiated.
Wall Street bonuses up 3% even as NYSE B-D profits fall
Wall Street's bonus pool rose 3% to $28.5 billion in 2014, according to estimates by New York State Comptroller Thomas DiNapoli.Employees took home an average bonus of $172,860 as the industry added 2,300 jobs in New York City, the first time it's expanded since 2011, Mr. DiNapoli said Wednesday in
Finra raps UBS, Vanguard with fines totaling $850,000
Firms failed to disclose some brokers' bankruptcies and other issues to regulators.
Morgan Stanley suppresses 'Hunger Games' video
Charges InvestmentNews violated copyright laws by posting it on its website
Merrill Lynch scores $500 million team from UBS
Four advisers who produced $3.1 million in annual revenue joined in Palm Beach, Fla.
Former Bank of America Merrill Lynch trainees sue for overtime
Duo seeks to represent more than 100 trainees, more than $5 million in damages.
Morgan Stanley sues former broker, now at Ameriprise, over recruiting hijinks
A former Morgan Stanley broker altered his clients' phone numbers in the firm's system before leaving for Ameriprise, according to a lawsuit
Merrill Lynch tells its advisers to get some water
Nontraditional investment could benefit from long-term trends, values-based investing: CIO Bartels.
Ex-UBS broker claims 'inhospitable work environment'
Former broker Michael Hadden says wirehouse mislabeled customers' risk tolerance when selling potentially unsuitable products
Morgan Stanley's 'Hunger Games' parody whips financial Twitter into a frenzy
Morgan Stanley's parody of the “Hunger Games” film series, obtained exclusively by InvestmentNews, generated a ton of buzz across the financial world. Twitter was the source of some of the best reactions to the 10-minute attempt at humor from the wirehouse giant. We've pulled together a collection
Morgan Stanley's Hunger Games-inspired video they don't want you to see
The straitlaced wirehouse pulled the plug on this 10-minute spoof of the popular "Hunger Games" series. But did it go too far? You decide.
$800 million Morgan team breaks away
Team partners with Dynasty Financial Partners to found Mosaic Family Wealth