As federal regulators continue their investigation into the use of unauthorized messaging platforms at major investment banks, UBS AG has indicated that it is part of the probe. According to a report in AdvisorHub, the Swiss bank addressed the matter in its latest...
9 charged by SEC with involvement in insider trading schemes
Nine individuals are facing fraud charges in connection with three separate insider trading schemes, the Securities and Exchange Commission announced last week. The nine are accused of violating the antifraud provisions of the securities laws in cases involving a...
Morgan sues former advisors over alleged poaching of clients
J.P. Morgan Securities has gone to court to stop incidents of client poaching by some of its former advisors, according to Financial Advisor. In one case, the firm filed a lawsuit in federal court against David M. Anderson, who resigned from J.P. Morgan in June and...
Equitable to pay $50 million over fraud charges involving misleading annuity statements
Equitable Financial Life Insurance Company will pay $50 million to settle charges that it provided misleading account statements to investors saving for retirement, the Securities and Exchange Commission announced. The case involved about 1.4 million variable annuity...
Former Wells Fargo broker ordered to pay back over $680,000 in promissory notes
A Financial Industry Regulatory Authority panel sided with Wells Fargo Advisors in an arbitration dispute with one of its former brokers, reports AdvisorHub. The FINRA arbitrators ruled that ex-broker Carl Buhr would have to pay back over $680,000 from two promissory...
