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May 9, 2019
Ex-UBS Client Warned About "Vexatious" Lawsuits Against the Wirehouse
The former client is trying to pursue a class action lawsuit against UBS.
Morgan Stanley FAs to Get $6.4 Million Payoff From Credit Suisse Over Deferred Comp
Claimants only sought $3.6 million but the $2.8 million compensatory damages awarded were doubled under New York state law.
Prospects Value Surprising Criteria in Advisor Selection
Online presence and technology are big draws.
Janney Charged Over Supervisory Failures Related to Mutual Fund Charges
The company allegedly failed to stop one of its brokers from making off with $200,000 in unnecessary commissions.
Veteran Merrill Lynch FA Jumps Ship to This Rival
David Hollenberg oversaw more than $250 million at the wirehouse.
UBS Faces Discrimination Suit from Whistleblowing FA
Mark Mohan says he faced retaliation after filing complaints with the SEC.
Raymond James Loses $1.8 Million Arbitration Over Penny Stocks
A Finra arbitration panel has ruled in favor of 20 claimants who said they’d been duped by a broker.
Arkadios Capital Nabs $180M Firm from Triad Advisors
Foresight Financial Partners includes financial advisors Ron York, Alan Berger, Rich Berger, Janet Sherry and Susan Rymer.
OCC Considers Aligning Its Fiduciary Regulations in Light of State Initiatives
The Office of the Comptroller of the Currency is seeking comment on a proposed update to its definition of fiduciary obligations on banks.
|The Client - Finding and winning new clients||The Client - Client retention|
|The Client - ERISA plans/institutional management||The Client - Behavioral finance|