Industry

BNP Paribas Corporate and Investment Banking has made appointments in its Equity Derivatives Business in New York as part of its continued focus on the business in the Americas.

FINRA is pressing ahead with a controversial new rule that would require brokers to make disclosures about recruitment compensation they receive as an enticement to jump to a new firm.

Brokerages from Morgan Stanley to Bank of America Corp.’s Merrill Lynch poach salesmen from one another, offering bonuses based on how much revenue they produce. Now brokers receiving bonuses of at least $100,000 will be required to inform clients.

Exclusive: Widespread abuse of the term raises question of a disciplinary double-standard.

Gorman, who owns about $31 million of his firm’s stock, has a Morgan Stanley private wealth advisor and his personal investments include municipal bonds and a biotech fund, while he favors global equities for his children’s accounts.

The firm has expanded in Texas with the addition of a team of three former Merrill Lynch advisors.

BNY Mellon Wealth Management is moving to a larger office space in West Palm Beach to accommodate growing business in Florida, the wealth manager announced Tuesday.

The wealth manager is moving to a larger office space to accommodate growing business in Florida.

BNY Mellon Wealth Management hired Tracy McCarthy to lead its Denver office as regional president. She will reports to David Emmes, president of U.S. Markets West.

The move is part of BNY’s previously announced plans to expand its nationwide sales force by 50% over the next 18 months.