UBS
UBS Ordered to Pay $7.8 Million in Puerto Rico Arbitration
Award compensates a couple who invested in Puerto Rican bonds and closed-end bond funds, some of which were borrowed on margin, leaving UBS with almost 800 pending arbitration claims.
Top Stories of the Week: Finra Loses Enforcement Claim, Goldman to Buy United Capital, and More
Most popular stories from May 12 to May 17.
Rockefeller Hires $4-Million UBS Broker in San Francisco
Bruce Tenenbaum, who was overseeing some $1 billion in customer assets at UBS, is first broker hired by Greg Fleming’s firm on the West Coast.
Merrill Hires UBS Manager and Former Training Head in New York
Heather Gifford, a former head of training at UBS and most recently Northeast division sales manager, expected to join rival wirehouse after a garden leave.
UBS Eliminates More Than 150 Jobs to Counter Market ‘Headwinds’
UBS Group AG has eliminated more than 150 support jobs globally in recent months, adding to European and U.S. financial services companies dismissing workers to rein in costs, according to people with knowledge of the matter.
Ex-UBS ‘Top’ Ohio Broker Registers as Indie after Unexpected Dismissal
Broker whose three-state team oversaw more than $6 billion writes on BrokerCheck that he didn’t intentionally violate policy by failing to disclose that an assistant took an internal exam for him.
Deutsche Bank, UBS Asset Management Deal Talks Said to Stall
Deutsche Bank AG and UBS Group AG’s talks on combining their asset management businesses to create a European powerhouse have stalled, according to people familiar with the matter.
Long-time UBS Broker in Maine Leads $530-Mln Team to RIA Independence
After spending his 26-year career with UBS and PaineWebber, where his father also worked, Steven Tenney joins growing group of breakaways using Dynasty Financial to support their new business models.
Ex-UBS Broker Loses Bid to Avoid Paying Notes Balances
Connecticut broker now with TD Bank failed to convince a court that a $167,000 promissory note arbitration ruling he lost was invalid because of possible arbitrator prejudices.
Finra Suspends Ex-UBS Broker for Unsuitable Share Class Conversions
California advisor found to have switched customers eligible for fee waivers into Class A mutual fund shares.
UBS Faces German Case Seeking $93 Million Fine in Tax Probe
German prosecutors are seeking a fine of 83 million euros ($93 million) against UBS Group AG for helping customers evade tax.
