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.
Most popular stories from May 12 to May 17.
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.
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 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.
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 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.
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.
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.
California advisor found to have switched customers eligible for fee waivers into Class A mutual fund shares.