Tagged with "Bank of America"

Merrill Lynch / Bank of America Changes Broker Bonus Payments for 2015

Posted on December 28th, 2014 at 6:40 PM

Merrill Lynch has told its brokers that they will receive higher bonus payments in 2015 for attracting new clients and assets, but will eliminated pay for servicing clients with less than $250,000 in assets. 

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Merrill Lynch / Bank of America Wants Former Reps to Return to Merrill

Posted on December 27th, 2014 at 1:33 PM

Merrill Lynch is offering former brokers 400% transition deals to return to the firm and sing its praises.

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February 4, 2025
Wells Fargo Faces $3.37 Million FINRA Award Over Alleged Elder Exploitation

A FINRA arbitration panel has ordered Wells Fargo Clearing Services and its advisor, Stephen L. Smith, to pay approximately $3.37 million in damages to the estate of Genell Mathis.

February 3, 2025
Bank of America Agrees to Consent Order Over Anti-Money-Laundering Deficiencies

Bank of America Corp. has entered into a consent order with the Office of the Comptroller of the Currency (OCC) to address deficiencies in its anti-money-laundering (AML) and sanctions compliance programs.

January 31, 2025
UBS Settles FINRA Claims Over Supervision of Short-Term Preferred Stock Trades

According to AdvisorHub, UBS Wealth Management USA’s broker-dealer has agreed to pay $3.5 million in sanctions over allegations of supervisory failures related to short-term trading of syndicate preferred stock.