FINRA Fines Morgan Stanley $5M Over IPO Share Sales
FINRA said Morgan Stanley had “supervisory failures” in initial public offerings for Facebook, Yelp and 81 others.
Massachusetts Slaps Morgan Stanley With $5M Fine Over Facebook IPO
Massachusetts regulators said the firm's investment bankers had 'inappropriate influence' on its research analysts
UBS Cutting Staff, But Recruiting FAs
UBS said it planned to cut staff by 3,500, or more than 5 percent of its global workforce, as part of its overall plan to trim about $2.5 billion from its yearly expenses by the end of 2013 “to improve operating efficiency,” the company explained in late August. About 10...