Margarida Correia

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.

One client wishes he had known his options related to filing beforehand.

Karen Wimbish will lead teams responsible for investment and banking product offerings as well as planning platforms and product technology across all client segments.

The bank hired its first chief investment officer seven months after recruiting the former leader of a family office to a new post as national head of investments.

Lawyers have filed FINRA arbitration claims alleging the bank deprived them of their bonuses.

The regulator is concerned that Wells Fargo did not follow proper procedures in notifying former reps of their U5 filings and that the information contained in them was not correct.

The bank tapped a former State Street executive to take over the role from Terry Dolan, who was promoted to CFO.

The regulator was looking into allegations that he structured transactions in his personal bank account to avoid federal reporting requirements.

The sales mix for the wealth management business is shifting from commission-based to more fee-based products, which hurts revenue in the short term.

The regulator claimed the firm provided inaccurate historical weighted-average performance results to customers who used PortfolioBuilder2.

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.