UBS asks court to invalidate fraud arbitration claim from 73-year-old retiree about leveraged ETRACS notes redeemed at a loss because he bought them through a Morgan Stanley account.
Broker allegedly failed to properly disclose fundraising for a minor league professional soccer club in Louisville that has since won championships.
Arbitrators rule that Charles Ross waited too long to make his claim that Merrill owes him for the collapse in the value of company shares he owned.
New Jersey broker cost three customers more than $540,000 in trading losses in just over two years, generating turnover rates as high as 60 and cost-to-equity ratios that reached 147%.
Michigan advisor claims arbitrator’s failure to initially disclose relation with Wells Fargo’s lawyers deprived him of due process.
Brokers claimed they were “fraudulently induced” to join Credit Suisse months before it shut down its U.S. business are ordered to repay $3.5 million of promissory note balances.
Settles with Finra by agreeing to reimburse customers for failing to give fee rebates and sales charge waivers on mutual fund sales over six years.
The Financial Industry Regulatory Authority’s crackdown on allegedly shoddy sales of Unit Investment Trusts hit Stifel Nicolaus on Thursday, which agreed to pay more than $3.6 million for issues related to premature UIT rollovers.
Arbitrators say Long Island advisor waited too long to file claims for damages over the value of Merrill stock and options that plummeted because of alleged financial-crisis fraud.
Finra fined and suspended a Michigan broker for 21-months for failing to notify the firm he was running a video gaming “esports” franchise along with a Merrill client.
Bank-owned broker dealer agrees to $634,000 settlement Finra over failure to supervise sale of non-traditional Exchange Traded Funds meant to be held no longer than a single day.