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February 1, 2019

Merrill Lynch Asks Court to Toss Class-Action Alleging "Misleading and Deceptive" Marketing
The wirehouse claims there's no merit to the lawsuit filed in Maine.
How Wells Fargo Insists it’s Addressing Client Concerns About Referrals and Advice
New company report highlights changes it’s been making across its operations in light of the 2016 fake accounts scandal.
LPL Adds 1,000 Advisors and Sees Recruited Assets Spike
But CEO expects ‘solid’ recruitment pipeline and transition assistance program to drive recruitment success.
Dozens of Investment Advisors are Being Pushed to Settle 12b-1 Violation Claims
Individual settlements could reach into the millions of dollars.
BoA Extends Merrill Edge Trading Perk to All Five Million Preferred Customers
The program, launched in a limited capacity in 2014, now applies to all clients of the bank’s loyalty program.
Wells Fargo Loses Billion-Dollar Team to This Rival
California-based AdvicePeriod has poached the two advisors.
NCAA Coach Pleads Guilty in Financial Advisor Bribery Case
Prosecutors had charged the basketball coach with accepting at least $22,000 from an FA.

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