Morgan Stanley

The former planner says she was wrongfully terminated and that she did not agree to settle with the wirehouse.

Morgan Stanley, Merrill Lynch and the other wirehouses gained and lost several standout recruits.

The advisers left Wells Fargo and Morgan Stanley to form one team, the second addition in two weeks.

The wirehouse will make “many” of the pricing and product design changes it planned last year, include lowering commissions for trades involving stocks and ETFs “to the benefit of our clients,” according to an internal memo.

The recruit generated $2 million in annual production, according to Merrill.

One barred broker borrowed funds from clients without approval, according to FINRA.

On Wall Street's annual ranking of successful young planners.

The adviser reversed course after Merrill Lynch unveiled plans to phase out commission-based retirement accounts as part of its plan to comply with the Department of Labor's fiduciary rule.

Recruits from Morgan Stanley and RBC joined the independent firm affiliated with Raymond James.

On Wall Street's annual ranking of successful young planners.

On Wall Street's annual ranking of successful young planners.

James Gorman earned $22.5 million after the firm made progress toward financial targets and its stock rose by a third.

An ongoing heavy focus on the business unit has benefited the overall firm.

Even among the wealthy, a growing number of clients want more digital engagement, says CEO James Gorman.

James Gorman laid out plans for the wealth management unit, which turned in record earnings for the fourth quarter.

Coding and other billing system errors were to blame, according to the regulator.

An internal memo informs the firm's 15,000 advisers about the move, which builds on management changes made earlier this year.

Plus: A Morgan Stanley grab totals $410 milllion in combined AUM and more than 30 other job changes.

The new recruit, who started with the wirehouse's predecessor firm Smith Barney, has been in the industry since the late 1990s.

The recruit leaves a team led by a past On Wall Street Top 40 Under 40 adviser.