Margarida Correia

Whitley Hood declined to provide on the record testimony regarding allegations that she misappropriated funds from an affiliated bank.

Daniel Farley will lead a team of wealth management professionals serving wealthy clients in the greater Minneapolis-St. Paul area.

FINRA alleged he communicated with customers about standby letters of credit and bank guarantees outside the scope of his authority.

The overwhelming majority are planning for the rule to go into effect as scheduled, with only 5% slowing down their preparations.

The firm was fined $1.57 million and must pay clients another $1.85 million for related infractions, the regulator said.

The Korean-American bank will look to the firm to grow its wealth management program and adviser force.

The bank announced that its retail brokerage arm will move to a level-fee pricing model for customer retirement accounts by April 10.

Tim Sloan acknowledged that there may have been instances in which employee complaints related to the bank's cross-selling practices may have been mishandled.

FINRA claimed the firm failed to adequately supervise the execution and approval of powers of attorneys submitted by non-U.S. customers of J.P. Morgan Private Bank.

The regulator is asking firms to provide details of their cross-selling programs, including incentives offered brokers and other employees.