Margarida Correia

The settlement comes two weeks after Citigroup resolved similar charges with the New York Attorney General's office.

FINRA barred the former J.P. Morgan rep for allegedly using customer debit cards to steal $1,002.

The wealth manager opened a new office in northern Virginia and expects to hire 8 new advisers over the next couple of years.

The regulator reprimanded Citizens’ retail brokerage for not amending reps' Forms U4 and U5 within 30 days of learning of complaints.

The rep purportedly stole $8,700 from an account funded with donations, according to FINRA.

Revenue in 2016 from the retail brokerage business slipped 6% to $281 million from $300 million in 2015.

While fourth-quarter revenue from brokerage services posted a sharp 20% over-over-year decline, the overall wealth management business still managed to come out ahead.

The large community bank will look to LPL to help the investment services business meet the requirements of the fiduciary rule.

11 executives were recently tapped to lead wealth management and related investment services teams at Bank of the West, BNY Mellon, Key Private Bank and U.S. Bank. Find out who they are and what their new roles entail.

Fourth-quarter revenue jumped 19% year-over-year, while profits soared 57%.

Revenue increased 4% from 2015 even as the number of advisers fell by 10%.

Citigroup Global Markets paid a $1 million penalty to New York State for overcharging more than 47,000 customers. It will also reimburse the customers.

Which banks are advisers moving to? 15 recently jumped to BNY Mellon, U.S. Bank and M&T Bank from myriad financial institutions.

FINRA accused the rep of "structuring" transactions by making cash deposits into her personal savings account in amounts under the currency transaction reporting threshold of $10,000.

Scott Fleming, the former head of the firm's Rocky Mountain region, now oversees nearly 150 sales professionals across the U.S.

The new exec will advise wealthy individuals and families on tax and estate planning, investing, private banking, financial reporting and fiduciary services.

The adviser misappropriated $268,680 from the brokerage accounts of five elderly clients, one terminally ill.

The regulator accused the rep of writing 38 checks totaling $46,280 from two personal J.P. Morgan bank accounts that it claims did not have sufficient funds to cover the checks.

The bank implemented the program to compensate advisers as they transition their books to other advisers, while ensuring that their clients are left in good hands.

The rep declined to provide the regulator with the documents and information it needed to assess allegations that he misappropriated bank customer funds.