Tagged with "system outage"

Merrill Lynch Experiences System Outage

Posted on April 29th, 2020 at 5:07 PM
Merrill Lynch Experiences System Outage

Merrill Lynch is the latest financial firm to experience connection disruptions.  Robinhood, JPMorgan Chase and Morgan Stanley have also experienced their own outages as these firms move to a remote workplace.  Merrill Lynch brokers nationwide were affected by this outage, which caused them to lose access to their workstations. The firm said that the outage was due to an issue with its internet service provider.

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Morgan Stanley Latest Firm to Experience System Outage

Posted on April 6th, 2020 at 2:18 PM
Morgan Stanley Latest Firm to Experience System Outage

On March 25, Morgan Stanley Wealth Management’s technology system crashed.  As a result, both brokers and clients were unable to view account information or place orders.  Brokers did report being able to complete orders by using a link they were provided.  Investors who were not able to access their account online were told to call the firm to place trades.

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LATEST NEWS AND ARTICLES

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According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.