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March 28, 2018

Billion-Dollar Merrill Lynch FAs Go Indie to Avoid Cross-Selling
Advisors say they didn’t want to cross-sell Bank of America products.
Your Local Credit Union Has a Secret Weapon Against Financial Advisors
Some of these cooperatives could pose a threat to rivals going after down-market wallet share.
SEC Brands Wedbush "Recidivist" Amid Pump-and-Dump Fraud
Regulator says it’s the third SEC action against the firm since 2014.
Morgan Stanley Fights FA on Active Military Duty Over Promissory Note
Advisor wants the SEC to pipe in on what he calls “a kangaroo court” at Finra.
BD Advisors React to Appeals Court Striking Down the DOL Rule
The Financial Times Top 400 broker-dealer advisors’ reactions range from business as usual to supporting a uniform fiduciary rule by the SEC.  Video [ 4:05 ]   Transcript  
NAFA, DOL Drop Appeal Against Fiduciary Rule
The Fifth Circuit decision against the best-interest ruling earlier this month made NAFA’s appeal moot, director says.