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April 10, 2019
Ex-Merrill Lynch Associate Faces Legal Battle After Moving in with Client Prior to His Death
The client's heirs have filed a lawsuit claiming she unlawfully moved his funds to her accounts.
Why Merrill Lynch is Placing 300 Merrill Edge Advisors in Wealth Management Offices
The wirehouse hopes to capture and retain younger clients who don’t yet meet minimums for traditional financial advice.
Morgan Stanley Loses Appeal on Annuity Distribution Suit
An appeals court rules that the firm and the broker must defend a lawsuit alleging the plaintiffs suffered close to $300,000 in tax liabilities as a result of allegedly negligent advice.
Cetera Could Add Close to 500 Advisors if Latest Deal Goes Through
Cetera is set to buy U.S. broker-dealer business of Foresters Financial.
Wells Fargo Signs Agreement to Sell its Retirement Plan Business
Principal Financial Group will pay $1.2 billion for the unit that had $827 billion in assets under administration as of the end of 2018.
SEC Commish Calls for Unity on Regulation Best Interest
Meanwhile, it’s unclear if the commission will wait for the confirmation of Allison Lee as the fifth commissioner to vote on the final rule.
Another Ex-LPL Broker Gets Sanctioned by Finra
LPL says it began a review on whether the broker had received loans from his clients.
|The Client - Finding and winning new clients||The Client - Client retention|
|The Client - ERISA plans/institutional management||The Client - Behavioral finance|