Most popular stories March 26 to April 1.
Dismissal over penny-stock complaint was a subterfuge for firm’s anger over his cooperation with authorities in uncovering alleged elder abuse fraud by colleague and former client, broker claims in lawsuit.
Overall advisor ranks fell 2% as new president Naratil executes plan to cut expensive recruiting wars.
UBS Financial Services and other firms still face over 1,000 claims, according to study from expert-witness firm.
Balances on recruiting and retention loans to financial advisors dropped around 4% to 5% last year at both firms, according to filings.
Houston veterans who were together managing about $750 million affiliate under Dynasty Financial’s umbrella.
Arbitrators cite UBS’s “extreme recklessness and indifference” in sales of closed-end bond funds and use of non-purpose loans to buy more debt.
After marauding through Merrill, San Francisco bank hires UBS Private Wealth broker in southern California who reportedly produces $3.8 million.
After 39 years at UBS Wealth and predecessor firms, a $2-million producer leaves after allegations of unsuitable client trading.