Tagged with "Bank of America Merrill Lynch"

FINRA Orders Merrill Lynch to Pay Brokers $800,000 in Damages After Termination Dispute

Posted on October 24th, 2016 at 9:03 AM
FINRA Orders Merrill Lynch to Pay Brokers $800,000 in Damages After Termination Dispute

FINRA has ordered Bank of America Merrill Lynch to pay $800,000 in compensatory damages to two brokers who were owed compensation by the firm when they were fired without cause.

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May 7, 2024
UBS Advisors Ordered to Pay Nearly $334,000 in Dispute with AllianceBernstein

An arbitration award revealed that two UBS advisors in Philadelphia, Elijah Dornstreich and Ryan DePaul, are required to pay approximately $334,000 in damages, legal fees, and costs to their former firm, AllianceBernstein, due to a dispute over customer solicitation.

May 6, 2024
SEC Cracks Down on Misuse of Artificial Intelligence

The U.S. Securities and Exchange Commission (SEC) has taken action against two money managers, Delphia (USA) Inc. and Global Predictions Inc., for allegedly making false and misleading statements regarding their utilization of artificial intelligence (AI) technology.

May 3, 2024
Court Grants Former Advisor Temporary Protection in Legal Battle Against Hightower Holdings

In a legal battle between a former advisor and Hightower Holdings, a Washington state court has issued a temporary restraining order (TRO) against the Chicago-based firm.