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December 22, 2017

Merrill Fined $26M Over Alleged Failure to Report “Suspicious” Transactions
Meanwhile, a Miami court orders the wirehouse to pay $25 million to settle excessive fee suit.
Breakaway Advisors Absolutely Love Their Independence
Sure, some things grate, but they pale next to the frustrations they used to endure.
UBS Team Jumps Ship, Citing Wirehouse’s Broker Protocol Exit
Meanwhile, United Capital acquires $530m advice firm.
Morgan Stanley Sued by Advisor Who Wants to 'Come Back'
Veteran broker claims he left the firm in 2003 with the understanding he'd regain his book of business upon return.
What’s Your Client Really Asking?
Sometimes clients in crisis ask about finances when their concerns are actually deeper and more emotional.