Wells Fargo Advisors

The new hires are the latest recruits to join the regional firm.

The rep ignored FINRA's repeated requests for documents it needed to investigate allegations that she made inaccurate statements on a mortgage gift letter.

Shelley Steuer Freeman, the bank's former Los Angeles regional president and head of Consumer Credit Solutions, was barred for refusing to provide FINRA with documents it requested.

The violations ranged from the improper reuse of signed customer forms to the execution of discretionary transactions without written authorization.

Regulators are contacting the bank after financial details of some 50,000 clients were inadvertently sent to an outside party, according to a person with knowledge of the matter.

Social Security numbers and portfolio information for some high-net-worth clients and advisors was provided inadvertently as part of a lawsuit.

The four advisers joined the more than 500 lost by the wirehouse in the last nine months.

Rising markets boosted revenues for wealth- and asset-management arms at the largest U.S. banks to $18.4 billion in the second quarter, according to data compiled by Bloomberg.

The new complex manager will oversee 43 advisers at the regional brokerage.

The two advisers bolted in a quarter that saw their ex-firm lose 130 advisers.

This is the second time Jefferies has poached Miami-based adviser talent from the wirehouse.

The former rep refused to comply with a FINRA investigation into allegations that he exercised influence over an elderly woman.

The firm's headcount has steadily declined since the bogus account scandal came to light last year.

"With 15,000 financial advisors, it's hard to change financial planning software. It's hard to change the day-to-day stuff," adviser Jim Denholm III says.

The latest hires join the regional firm from Wells Fargo and RBC.

They play a critical role in recruiting and supporting advisers. See who made the cut for this year's honoree list.

Demographics and competitive forces are destined to weaken the determination to avoid expensive recruiting packages.

The regional firm has been trying to recruit more advisers, particularly those from wirehouses.

The new recruits, who previously worked at Wells Fargo Advisors and Janney Montgomery Scott, also pointed to the firm's affiliation with Raymond James in making the move.

The cases stem from the investment advice given by a now barred broker, who is accused of soliciting funds for a Miami Beach nightclub he owned.