Regulation

The former federal prosecutor is the president-elect's pick after vetting a handful of candidates, said a person with knowledge of the matter.

The reductions cover six of the firm's 17 multifactor offerings.

Dan Moisand's firm joins the Institute for the Fiduciary Standard's new listing. Moisand is a former CFP Board official and ex-president of the FPA.

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

Her proposal to expand a probe into possible sales abuses was met by resistance from an executive who didn’t want to alienate the bank.

Since 2014, the bank has culled 17,000 clients as tougher capital rules make dealing with many smaller firms less profitable.

"I lose years of my life. They can settle, write a check and move on," says an adviser whose book of business dropped by $40 million after he alleges he was wrongfully terminated.

The allegations come a year after the firm paid over $300 million to resolve regulators' claims that it failed to tell wealthy clients it was steering them into its own funds.

Will Chief District Judge Barbara Lynn be the first to rule against the regulation? Opponents of a case in Texas federal court have high hopes.

The bank may be on the hook for hundreds of millions of dollars in tax penalties, lawyers say.