In separate cases, two federal judges found that neither Wells Fargo nor LPL had a fiduciary obligation to look for clients' ...

Wells Fargo and Merrill Lynch did not admit or deny the SEC's findings. A spokesperson for Wells Fargo, which agreed to pay $35 million across two firms, said in a statement: ...

SEC fines Wells Fargo $35M, Merrill Lynch $25M for ‘cash sweep’ violations. Both brokerage firms moved a customer’s uninvested cash from a brokerage account into an interest-bearing account ...

Wells Fargo and Merrill Lynch, which is a unit of Bank of America, are two of the nation’s largest wealth managers, ...

In McDaniels, et al. v. Wells Fargo Investments, LLC, et al. (9th Circuit, April 10, 2013), Plaintiffs are former employees of Wells Fargo, Morgan Stanley, and Merrill Lynch: Douglas McDaniel and ...

Merrill Lynch and two units of Wells Fargo have agreed to pay $60 million in combined penalties to settle Securities and Exchange Commission charges that they failed to consider the best interest ...

It's not often Wall Street's biggest firms lose out to the industry's smaller players but that's what's happening in the world of retail brokerage.

Merrill Lynch, Morgan Stanley, Wells Fargo And UBS Will Offer Bitcoin ETFs To Clients By Year-End, Bitwise CIO Says, Predicting Record Inflows. David Okoya . Sun, May 4, 2025, 11:14 AM 4 min read.

Merrill Lynch has lost some more talent, this time to an independent firm affiliated with Wells Fargo Advisors Financial Network, the bank's IBD. Dennis Hall left Merrill for Florham Park Wealth ...

The bitcoin price is nearing historic highs and Wells Fargo, Merrill Lynch and Morgan Stanley are all exploring crypto-focused offerings.

Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million in civil penalties to settle U.S. Securities and Exchange Commission charges over compliance failures, ...