Raymond James Financial Services (RJFS) was ordered to pay a $6.9 million fine to the SEC for failing to supervise Dennis Herula, a former broker who is currently in prison after pleading guilty to federal charges of fraud.

Location City: 1 in San Francisco Area & 2 in Los AngelesLocation State: CABase Salary: 130,000 - 150,000 Bonus & Incentives: The incentive program is fee based and and against a draw which is typically waived for the first 2 quarters. Position...

Location: Boone Location State: NC Base Salary: Strictly Commission driven paid out at 40% on dollar one. Institution willing to provide a 6 month Forgivable Draw. Position Responsibilities: NC Bank seeks a Financial Advisor to cover a territory...

Merrill Lynch, famous for its seemingly continual reorganizations, is at it again.

In a nod to the smaller investors who gave the firm its early success, Charles Schwab Corp. has eliminated its remaining account service fees and its $3-per-order handling charge on equity trades.

Merrill Lynch reportedly paid $400 million for the purchase of the Advest Group from AXA. The purchase includes the private client retail division, an asset management arm and a capital markets group. According to analysts, Merrill got the firm...

The firm known primarily for its tax preparation services is ramping up its financial advisory force. H&R Block Financial Advisors had a record recruiting month in August, bringing aboard 48 financial advisors with a combined $1 billion in assets...

A $450 million class-action lawsuit filed in New York against Morgan Stanley on Friday could have major implications for brokerages’ pay practices in the state. Filed by a former Morgan Stanley broker, the lawsuit claims the firm failed to...

Merrill Lynch and AXA Financial, part of French insurance giant AXA, announced today that Merrill would buy The Advest Group, AXA’s full-service retail brokerage arm.

As expected, Morgan Stanley board members from the Philip Purcell era continue to decamp, with two more directors out. Charles Knight and John Jacob, both of whom were on the board’s compensation committee, resigned Friday. Knight was...