Financial institutions

D.A. Davidson Companies announced that Jim Kerr would replace Bill Johnstone as CEO effective January 2015.

A FINRA arbitration panel ruled a broker caught in an insider trading scandal must pay back over $3 million to Morgan Stanley.

A wirehouse advisor team managing about $400 million in assets has left UBS to join Snowden Lane Partners, an independent firm.

FINRA has issued a long-awaited regulatory notice outlining the proposal for a controversial data-sharing system known as CARDS, asking for comments from the industry and other stakeholders.

At an advisor summit, the industry group urges members to reach out individually to lawmakers to fight regulatory plans.

Bank of America agreed to pay $7.65 million to settle U.S. regulatory claims that it overstated its capital by billions of dollars after failing to report losses tied to its 2009 purchase of Merrill Lynch & Co.

Raymond James' annual Women's Symposium, to be held Oct. 8, is due to feature leading women in the financial services industry, including Sallie Krawcheck.

Four Wells Fargo advisors have left the wirehouse to join Benjamin Edwards, opening the regional broker-dealer's 49th office.

Alternative investments have been growing rapidly in popularity in recent years as new funds have been mushrooming and money has been flowing in. Andy Saperstein, Morgan Stanley’s head of investment products and services, explains the wirehouse’s history of working with alts and Morgan’s current approach to leveraging them in client portfolios.

Two advisors with $80 million in AUM leave Wells Fargo for RBC Wealth Management.

Raymond James has landed a former UBS advisor with more than $125 million in client assets and more than $800,000 in annual fees and commissions.

Mention bankruptcy on a Form U4 and there's no erasing it, even if you settle your debts.

Female executives from U.S. Trust and Goldman Sachs join New York-based Dynasty Financial Partners.

Consumer and industry advocates are criticizing FINRA over its alternative to a proposal that would have required recruiting firms to disclose advisor compensation incentives to clients when moving between brokerages.

Wells Fargo landed in hot water for failing to act on indications that a broker traded on insider information.

"One thing we can tell you is our opposition was there before us," says FPA's director of advocacy. "We heard over and over again the argument that if a fiduciary standard were extended to broker-dealers the middle market would be hurt."

"Any effort to put broker-dealers and advisors into the same box is probably not going to work," says a former deputy director of the SEC's Division of Investment Management.

Morgan Stanley hired a team with $4.5 billion in AUM – the second multi-billion-dollar team plucked from Merrill Lynch this month.

Washington Wealth crests $1 billion in AUM by adding Martucci Adams Wealth Advisors of Salt Lake City.

Wells Fargo continues recruiting from UBS, hiring advisors with a combined $410 million in AUM.