- Fidelity Enjoins Morgan Stanley, Florida Broker in Non-Solicit Case
Morgan Stanley and a broker it hired in June have agreed not to contact former clients pending the outcome of a parallel claim Fidelity has brought in arbitration.
- Oppenheimer to Pay $4.7 Mln for UIT Rollover Violations
Firm failed to have procedures for ensuring that customers weren’t encouraged to redeem their unit investment trusts sales prematurely in order to generate commissions.
- Wells FiNet Team with $189-Mln Book Shifts to Ameriprise
Four-advisor group in Bakersfield, Calif., stays independent with Ameriprise’s franchise division.
- Finra Fines Cambridge Investment for UIT/Mutual Fund Sales Violations
Independent broker-dealer agrees to pay $150,000 for failing to enforce supervisory procedures aimed at unsuitable short-term trading and excess commissions.
- RayJay Broker Who Jumped from JPMorgan Wins a Non-Solicit Battle
Finra arbitrators denies J.P. Morgan Securities’ request for a permanent injunction against an Indianapolis broker who was temporarily handcuffed from contacting clients.
The post This Week’s Top Stories: Fidelity Enjoins Florida Broker, Finra Fines Two Firms over UIT Sales, and More appeared first on AdvisorHub.