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  1. Articles

    Morgan Stanley hit with $20M whistleblower suit from ex-brokers

    Married brokers claim they were retaliated against after reporting alleged illegal sales tactics at the firm's midtown Manhattan office.

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    Citi to pay $180 million for hedge fund sales linked to Smith Barney

    Citigroup has agreed to pay $180 million to settle charges tied to two hedge funds the SEC said were improperly marketed and sold by private bankers and Smith Barney brokers.

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    Ex-JPMorgan banker partnered with his dad in a multi-year insider-trading ring

    Breakfast with Benjamin The banker was caught sharing insider information with his dad, who then used golf jargon to try and disguise the scheme.

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    UBS hit with $2.5 million award in Puerto Rico case

    Claim is tied to so-called “Whopper” broker Jose Gabriel Ramirez Jr., who faces raft of claims related to closed-end funds.

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    UBS scores $2 billion Morgan Stanley team

    The third billion-dollar-plus team to leave Morgan this summer is the latest in a series of big swaps.

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    FTC investigation finds glitch to blame in Morgan Stanley data breach

    Morgan Stanley won't face Federal Trade Commission action as a result of a data breach that compromised information of some 350,000 clients.

  5. Articles

    Wirehouse metrics reflect different strategies

    Newly compiled InvestmentNews research shows how the nation's biggest brokerages rank across four key metrics.

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    Under regulatory pressure, Voya restricts sales of more variable annuities

    Voya Financial Advisors has restricted sales of variable annuities for the second time in two months, as the brokerage firm faces increased pressure from regulators questioning the suitability of the products for retirement savers.

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    Morgan Stanley ordered to pay $2.4M arbitration award over former broker's trades

    Broker Steven Mark Wyatt was accused of unauthorized and excessive stock-market trading during and after the 2008 financial crisis.

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    Fired by Merrill, now barred by Finra: Thomas Buck stops here

    Thomas Buck was fired from Bank of America Merrill Lynch in March. Now Finra has barred the former top broker, who had joined RBC Wealth Management.

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    UBS' U.S. brokerage business not for sale: Sergio Ermotti

    Sergio Ermotti, chief executive of UBS Group AG, took time Monday to deny renewed speculation that the firm's Wealth Management Americas group might be for sale.

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    'Culture clash' led to $2.5 billion Merrill firing: Lawyer

    A $2.5 billion broker who was fired this month for “inappropriate workplace behavior,” according to employment records, may have been too bullheaded for the thundering herd, his attorney said.

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    Merrill Lynch nabs $1.3 billion UBS team

    Bank of America Merrill Lynch has picked up another UBS team, this time a four-person Houston-based group that manages $1.3 billion in client assets. Adviser Will Leven is bringing analysts Alora Anderson and Anthony Hoff with him, as well as client associate Ashlee Kegler. They will report to Bob

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    Credit Suisse to focus on wealth management

    New CEO says firm will also shrink investment bank because of "unsupportive" and "unfavorable" regulation.

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    New BofA wealth chief to deepen bank ties

    Merrill Lynch and U.S. Trust advisers can expect an even closer relationship with Bank of America Corp. when Terry Laughlin takes over for David Darnell as head of the BofA's wealth division later this year.