Economy

Morgan Stanley and one of its advisors were ordered to return the entrepreneur's investment in two private placement funds totaling $536,000 and pay him $37,500 in compensatory damages.

Advisor Group set a record for its recruiting in 2017, and Securities America announced more than a dozen fourth-quarter grabs.

The company merged its U.S. and international wealth management businesses to gain greater scale and efficiency.

On Wall Street honors elite young producers at the regional BDs.

Kris Chester led two major business reorganizations in her time at Wells Fargo Bank.

The firm, which has roots going back 130 years, sees a way to potentially turbocharge growth.

Advisors such as Greg Hersch have long found professional fulfillment by leaving wirehouses to start their own firms. But will they soon find that path cut off?

The convicted fraudster allegedly stole more than $270,000 from his victims, including his mother and ex-girlfriend.

The firm sought to clarify circumstances surrounding the departure last month of former Congressman Harold Ford Jr.

Headcount is down by 200 compared to a year-ago.

Clients in Asia are among the beneficiaries, gaining the ability to trade U.S. products during their daylight hours.

CEO is right to resist the temptation of a more drastic overhaul.

Coming off a strong recruiting year, Steward Partners has enticed three more Wells Fargo brokers.

Compliance and technology hurdles have snarled firms’ efforts to address a longtime gripe.

The move marks the firm's second hire in the past week.

The former underdog is settling into its role as one of Wall Street's more well-balanced firms.

From San Francisco to Dallas, here's a look at the 10 top housing markets where homes sell above the asking price.

Wealth management has “only increased in relevance as it’s continued to grow,” CFO Jon Pruzan said.

The advisors joined the firm's recently opened office in Flint, Michigan.

The advisor transferred funds from his sibling's Wells Fargo accounts and deposited them into a jointly owned account that he used to pay off credit card debts and fund home improvements, FINRA claimed.