Miriam Rozen is a Senior Editor at AdvisorHub. Based in New York, she specializes in financial services, law and legal affairs, and litigation, with a focus on topics such as lawsuits, banks, and wealth management. Miriam Rozen's work has been featured in the Financial Times, AdvisorHub, Knowledia, and The American Lawyer.
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Miriam Rozen's articles predominantly cover legal and regulatory aspects of the finance industry, with a focus on brokerage firms, financial regulations, compensation plans, and client complaints. Her coverage includes government announcements and press releases related to these themes.
Given her extensive coverage of legal policy regulation in the finance sector, she is likely to be interested in receiving pitches from legal experts specializing in financial regulations or compliance issues. Additionally, professionals with insights into business practices within the finance industry may also find success pitching stories relevant to broker recruitment deals and changes in compensation plans.
While Miriam does not have a specified geographic focus for her articles, it would be beneficial for sources reaching out to her to provide expertise or commentary that is globally applicable within the scope of financial regulations and industry practices.
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By: Miriam Rozen
An arbitration panel ruled that a 20-year industry veteran Wells Fargo Advisors broker could clear his otherwise unblemished record of a complaint filed by 83-year old customer, who despite his “unfounded” claims of elder abuse exhibited “no signs of any cognition impairment,” according to a decision finalized on Wednesday.
Bank of Ameica’s Merrill Lynch agreed to a $39 million settlement with plaintiffs in class action case over its cash sweep practices, according to documents filed Wednesday in federal court in Manhattan.
The leader of a $4.6 billion Ameriprise team who sued a former colleague for $1 million was instead ordered to pay him $450,000, according to an arbitration award.
By: Miriam Rozen
An ex-Morgan Stanley broker convicted of defrauding former professional basketball players won a three-month sentencing delay after his lawyers said they needed more time to investigate “sensitive issues” involving his background.
The complaining customer had sought $1 million for pension liquidation due to rollover and settled for $675,000.
Wells Fargo’s Wealth and Investment Management division generated $603 million in profit in the third quarter, up 19% year-over-year, as executives said that investments in the business in recent years have paid off.
Merrill Lynch’s revived broker recruiting efforts are paying off, executives said on Wednesday, even as flows into managed accounts across Bank of America’s wealth division slowed.
The Securities and Exchange Commission on Thursday approved a rule change that will allow brokers and their firms to include investment products’ performance projections and targeted returns in their marketing materials distributed to certain clients and prospects.
The U.S. Securities and Exchange Commission (SEC) approved a Financial Industry Regulatory Authority (FINRA) rule change allowing brokers and their firms to include investment performance projections and targeted returns in marketing materials for certain clients and prospects. The change narrows regulatory differences between brokers and registered investment advisors (RIAs). Firms must establish written policies ensuring projections suit their intended audiences and disclose assumptions, risks and limitations. However, the rule omits an explicit requirement to document a reasonable basis for projections, and brokers may present projected returns without deducting fees and commissions. FINRA has not announced an effective date. The change comes amid broader efforts to review financial industry regulations and enforcement practices.
LPL Financial expects to retain 83% of Commonwealth Financial Network’s client assets, down from its prior
