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The broker was reprimanded for lying on a customer's behalf.

"We've got great momentum," says Wells Fargo Advisors Financial Network president Kent Christian.

Michael Donnelly was sentenced for defrauding elderly clients of about $2 million, which he used to make car payments, pay his children's private school tuition and other expenses.

Edward Jones and Raymond James, among others, are steering clear.

Why would anyone spend $24 million to buy a 1% stake in the Yankees? For wealthy sports fans, it's cool — and can be one heck of a tax shelter.

The wirehouse team launches HighTower's third practice this year.

Management blamed falling profits on weak markets and "muted client activity."

The wirehouse hires recruits from Credit Suisse and Merrill Lynch.

BlackRock made its $152 million deal for the Silicon Valley-based startup FutureAdvisor last August. Since then, its robo advice client roster has expanded.

Deutsche Bank said Quintin Price, who leads the company’s asset management business, has taken medical leave.