Welcome to Financial Advisor IQ

July 8, 2019

Morgan Stanley Implores Judge to Not Cause Confusion in Expenses Case
Thousands of current and former employees allege the wirehouse shortchanged them on business-expense reimbursements.
Why Some Brokers Are Barred For Minor Infractions While Those Who Harm Clients Keep Their Jobs
There really is method to the sanctions madness, says a lawyer, but more needs to be done to make things even clearer.
Ex-LPL Broker Barred Over Alleged Million-Dollar Client Theft
LPL had terminated the man in May 2019 over allegations of fund misappropriation while he had been at previous firms.
Merrill Lynch Lures Veteran UBS Manager
UBS also loses FAs to Wells Fargo and Ameriprise.
Compliance with Reg BI Will Not Satisfy CFP Board’s Fiduciary Requirements
The American Securities Association has asked the board not to go after CFPs already complying with the SEC’s Regulation Best Interest.