James Cracchiolo earned $23.9 million in direct compensation and cashed in $40.8 million in stock options; Wells Fargo's Tim Sloan got $17.4 million even as bank stuggled through more scandals.
Memo denies Journal's claim that the FBI interviewed employees in the bank's wealth management group.
The wirehouse has seen 14 individuals or teams leave and five join for a net loss of $2.4 billion in AUM
Experts dealing with international and private banking clients will now form one team.
The combined office, led by Merit Financial, will have 60 advisers concentrating on the retirement plan market and high-net-worth clients.
Both trends reflect the firm's shift away from recruiting in favor of increasing the compensation of existing brokers.
In a four-year-period, Mark Kaplan executed 3,500 trades that resulted in $723,000 in losses
The bank's board is looking into inappropriate 401(k) rollovers, one of the problems the DOL rule aims to prevent
Firm will delay shutdown of its legacy system amid advisers' concerns about readiness of new system.
The key to whether exiting brokers can beat temporary restraining orders from wirehouses is how they handle client information.
