Puerto Rico Loophole Utilized by UBS Targeted by House Lawmaker
Congressman plans to introduced bill to eliminate the island's exemption from the Investment Company Act of 1940.
UBS Nabs $1.3B Merrill Team; Wells Fargo Grabs $1B Morgan Stanley Reps
Meanwhile, Raymond James recruits groups with more than $800 million in client assets to its employee channel.
Wall Street Cracks Down on Free Sharing of Analysts' Notes
Brokerage and bank executives are frustrated that so much research ends up on Twitter minutes after its release.
Recruiting Roundup: UBS Adds $5B Team From JPMorgan, Advisor From Merrill
Meanwhile, Wells Fargo recruits JPMorgan rep, as Ameriprise picks up four ex-Wells FAs.
Recruiting Roundup: UBS Nabs 4 Ex-Merrill Reps in Florida
Meanwhile, Raymond James adds a husband-and-wife team in Dallas to its employee channel.
Recruiting Roundup: UBS Picks Up Morgan Stanley Reps
Meanwhile, LPL, Ameriprise and Wells Fargo reveal their latest recruiting coups.
Sons of Indicted Swiss Financial Adviser Keep Business in the Family
After his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show.
Photographer: Jason Alden/Bloomberg
A few weeks after his indictment, Josef Beck’s directors formed another company to manage money for American citizens, records show
Former Libor ‘Ringmaster’ Hayes Gets 14 Years for Libor Rigging
The ex-UBS and Citigroup trader, 35, was found guilty of conspiracy in London.
Where Are the Departing UBS Reps Going?
The firm is shedding advisors, who are moving on to a variety of rivals and going independent.
UBS Americas Cites Higher Regulatory Costs for Q2 Wealth Profit Drop
Yearly fees and commissions per advisor top rivals at $1.12 million; average assets per rep stand at $150 million.