Morgan Stanley:

Morgan Stanley looks set to sell off Van Kampen unit (Investment News)

$740M Morgan Stanley Smith Barney team bolts for independence (Investment News)

Morgan Stanley hiring up to 400 in sales, trading (Investment News)

UBS:

UBS Close to Deal With Bob McCann, Reorg Under Way (Registered Rep) - UBS has stepped up its courtship of former Merrill executive Bob McCann, discussions that began in June, according to a story in the Financial Times.

IRS on UBS tax evasion settlement: We've only just begun (Investment News) - Company agrees to turn over information on thousands of accounts as agency says it continues to investigate illegal offshore tax shelters

Merrill Lynch:

Merrill sued over investments in financials; preferred stock (Investment News)

Dan Sontag Departs Merrill Lynch (Registered Rep) - Much beloved by Merrill financial advisors, Dan Sontag is stepping down as head of Merrill Lynch Global Wealth Management.

Can Sallie "Save" Merrill Lynch? (Registered Rep)

The new Merrill mantra: We want brokers, brokers, brokers (Investment News)

Claim Says Merrill Overloaded Account With Preferreds (FA Mag) - A couple has filed a claim against Merrill Lynch seeking $5 million in damages because they say their accounts were overloaded with preferred stock.

Fidelity, JPMorgan recognized for offering strong educational services to investors, advisers (Investment News)

Wirehouse to Wirehouse Switching Sinks (Registered Rep) - Fewer and fewer financial advisors are leaving one wirehouse for another these days, according to data from Discovery.

Meredith Whitney buys a broker-dealer (Investment News)

Stifel set to absorb 350 UBS reps, add new recruits (Investment News)

More:

Brokers Aren't Responsible for Bad Bets (WSJ) - To take the risk out of investing you'll have to take Americans out of the market.

Charles Schwab: Marketing Products That Are Too Good to Be True? (at Seeking Alpha)

Former broker hits Wells Fargo Advisors with discrimination claim (Investment News)