Advisers will get loans to help cover earnings shortfall following firm's decision to ban commissions. <b><i>(More: <a href="http://www.investmentnews.com/article/20161101/FREE/161109984/bank-of-america-merrill-lynch-tells-advisers-to-stop-selling-mutual" target="_blank">Merrill tells advisers to stop selling mutual funds in brokerage IRAs</a>)</i></b>
About 70% of Medicare beneficiaries are protected by a “hold harmless” provision.
Clients may choose fee-based or self-directed retirement accounts.
Move to fee-based IRAs gave consideration to SEC's view of other brokerage accounts at firm.
Mortgage balances rose 9% and securities based lending portfolios were up 6% from a year ago
Unconfirmed New York Post story revives old rumor that Swiss company may want to sell its U.S. brokerage house.
The firm is eliminating potnential conflicts of interest before the DOL fiduciary rule take effect next year
Three-person team produced $1.5 million in annual revenue
Ash Narayan's right to use CFP certification temporarily suspended following SEC complaint
The firm and owner Marc Broidy, of Beverly Hills, Calif., allegedly had more than $1.4 million of ill-gotten gains.
