This Week’s Top Stories: A Wave of TRO Filings, a Big Merrill Move to First Republic, and More

October 5, 2019

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  1. Morgan Stanley and Jones Brokers Who Joined Wells Agree to TROs
    Florida team that managed about $500 million at former firm stipulate they will not solicit their former customers for a year or until a Finra arbitration claim is resolved.
  2. Merrill Wealth Team Producing $10 Mln Joins First Republic
    Private Wealth group advisors, led by a pair of 30-year Merrill veteran, are relocating to Palm Beach, Fla., from Chicago.

  3. Merrill Edge Won’t Mimic Schwab’s Zero-Commission Offer–Executive
    Bank of America-owned online brokerage unit may enhance relationship-based pricing model but won’t extend free trading across the board, says Edge CEO Aron Levine.
  1. JPMorgan Sues Bank-Based Broker Who Joined UBS
    Florida advisor from Chase Bank’s in-branch wealth management group allegedly moved at least $13 million by improperly soliciting former clients.
  2. Finra Suspends Ex-Wells Fargo Broker over Personal Email Use
    A broker with 37 years of industry experience has agreed to a two-month suspension and a $5,000 fine for using his personal email and computer to conduct client business.

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