Wells Fargo Advisors

Big bank brokers use decoys, spy tactics to go alone

Secret contracts, covert real-estate deals, scurrying around after nightfall to avoid detection: this is how far big-bank brokers are prepared to go when they plan to go independent.

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Arbitration panel orders Wells Fargo & Co to repurchase auction rate debt

A Financial Industry Regulatory Authority arbitration panel ordered the San Francisco-based brokerage unit of Wells Fargo & Co to buy back auction rate securities amounting to $94 million from its investors.

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New York, DC Merrill Lynch hires rival Morgan Stanley advisers

Merrill Lynch offices in New York and Washington D.C. hired advisers from rival, Morgan Stanley.

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