Edward E. Matthes pleaded guilty to wire fraud charges last year; his 27 victims included many elderly investors as well as his parents, according to the Justice Department.
Regulators also detailed findings from examinations into how firms handled the initial implementation of Reg BI and Form CRS requirements during panels at FINRA's annual conference.
Chief Executive Officer James Gorman unveiled his biggest leadership change in over a decade, positioning a slate of potential successors that’s mostly White and male -- just as Wall Street’s bosses have been for decades.
Ted Pick, the architect of Morgan Stanley’s trading revival, and Andy Saperstein, who built the company into a wealth-management powerhouse, were tapped as co-presidents.
