Robert McCann, the new chief executive of UBS Wealth Management Americas, took aim at the culture of the firm this morning, while praising its network of 7,300 financial advisers.
Sanders Morris Harris facing disciplinary action for alleged violations of securities laws; two ex-employees also named
CEO Nagengast says firm sees 'a lot of opportunity' for growth; snagged a Next Financial team in August
But indie B-D reports a hike in revenue and profits for the third quarter; 'solid results'
A broker-dealer executive and outspoken critic of the Financial Industry Regulatory Authority Inc. lost his appeal of a Finra suspension for failing to supervise his staff adequately.
Revenue increased for a healthy majority of financial advisers over the past 12 months, according to <i>InvestmentNews</i>' 2010 Industry Attitudes survey — a clear bounce-back from 2009, when calamitous market conditions struck panic among investors and advisers alike
Sluggish recruiting and the continued slow migration of advisers to smaller firms has left the three biggest wirehouses either adding minimally to the work force or watching the head count drop
B-Ds' account statements come under scrutiny; further guidance from regulator possible
Industry group cobbling together best practices for private placements; sponsor-supplied reports not sufficient
