An arbitration panel has granted a former Merrill Lynch junior broker's request to clear her record of a client complaint after they found 'credible' her claim that she had merely been providing administrative support for a senior advisor. Amber Stoll, wh... See more
An ex-Morgan Stanley broker convicted of defrauding former professional basketball players won a three-month sentencing delay after his lawyers said they needed more time to investigate 'sensitive issues' involving his background. U.S. District Judge Vern... See more
The Financial Industry Regulatory Authority is delaying for two years previously scheduled fee increases imposed on its member firms and also providing a fourth quarter reprieve on its trading fees. The changes were outlined in two rule proposals that Fin... See more
LPL Financial, the nation’s largest independent broker-dealer, reported some success in its effort to reinvigorate its advisor recruiting after a years-long lag. The San Diego, California-based company added $25 billion in recruited assets, up 35% from $1... See more
UBS Wealth Management USA’s profits rose as the company said its multi-year strategy reset was paying off even as advisor headcount continued to fall. The Swiss-owned UBS Americas wealth unit, which includes a cadre of advisors in Canada and Latin America... See more
