Leveraged ETFs: What Brokers Don’t Know Could Cost Them
FINRA has ordered Stifel Nicolaus and Century Securities to pay more than $1 million combined for improper sales of leveraged and inverse ETFs.
A Broker Who Broke Bad
Serving nearly 400 days in federal prison wasn’t what Justin M. Paperny had in mind when he became a stockbroker fresh out of the University of Southern California, psychology degree in hand.
The Crown of a Good Name
On the big screen, fictional insider-trading sleazeball Gordon Gekko exhorted: “Greed … is good.”
FINRA Sanctions Citigroup, Wells Fargo, Morgan Stanley and UBS for ETF Violations
The Financial Industry Regulatory Authority (FINRA) announced Tuesday that it has sanctioned Citigroup Global Markets, Inc; Morgan Stanley & Co.; UBS Financial Services; and Wells Fargo Advisors, a total of more than $9.1 million for selling leveraged and inverse exchange-traded funds (ETFs) without reasonable supervision and for not having a...
New Hires Roundup: 3 New Brokers at RJ; EisnerLubin Merges
Raymond James adds brokers from UBS, MSSB in south Florida; Erado expands; SEC job openings.
Raymond James Adds $425M-plus FAs From Merrill, UBS and Morgan Stanley
Seven advisors with more than $425 million in assets joined the employee channel of Raymond James in Virginia and Florida.
Raymond James Adds HNW Advisor From UBS
The $1 million producer is expected to join the independent channel of Raymond James with about $110 million in client assets.
Strategists Kelly, Doll, Ryan Bullish on U.S.: IMCA Conference
Three prominent investment strategists offered good tidings of positive U.S. market performance for the balance of the year. David Kelly of JP Morgan Funds, Robert Doll of BlackRock and Michael Ryan of UBS Financial Services buoyed an audience of financial advisors on the second day of IMCA’s annual meeting in...
UBS Settles Charges With U.S., States Over Muni Bond Fraud
UBS Financial Services, charged with with the fraudulent rigging of municipal bond transactions, settled with the U.S. government and 25 states this week.
Is the Protocol Long for This World?
Some Wall Street firms belonging to the Protocol for Broker Recruiting, commonly referred to as “the Protocol,” are responsible for a troubling trend.