After 8 Years, Morgan Stanley Claws Back $380K From Ex-Employee
An arbitration panel confirmed that a former advisor will pay back a promissory note to Morgan Stanley - almost 10 years after leaving the firm.
More in Wirehouses
Launching another volley in the fight over a national fiduciary standard, an investor advocate group argues that brokerage firms are misleading investors. more »
Traditional firms must boost their digital wealth management tools or risk being overrun by those that already do. more »
John Lipari and Richard Ribek say they chose Raymond James' "client-first culture." more »
By poaching Ruth Porat from Morgan Stanley, it's clear Google wants to forge closer relationships with banks. That's because banks hold the key to helping Google expand Google Wallet. more »
Schwab sought restitution in arbitration after an advisor left its Private Client Group to join Merrill. more »
Two wirehouse advisors generating almost $1.7 million jumped to Steward Partners, an independent firm affiliated with Raymond James Financial Services. more »
Two complex directors moved up the ranks at the wirehouse. more »
The recruit generated $614,000 in production at his former job. more »
Better technology, cultural differences and bigger deals have enabled regional firms to recruit more competitively and keep up the momentum. more »
Morgan Stanley is shifting top executives at the wealth management and capital markets units to give the firm's leadership broader experience with its main businesses. more »
A FINRA arbitration panel also orders the expungement of the advisor's termination records. more »
The firm left John Stumpf's pay unchanged at $19.3 million after the firm generated a bigger profit than any other U.S. bank for a second straight year. more »
The wealth manager was ordered to pay back Wells Fargo, while he still faces seven client complaints coinciding with UBS' Puerto Rico bond troubles. more »
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