Five-time MLB all-star Mike Sweeney claims unsuitable investments in private placements cost him nearly $5M. Now he's suing UBS and one of its former reps to recover the cash.
When the SEC proposed the broker-dealer exemption rule in 1999, few realized that it would result in a lawsuit against the commission and provoke a long and contentious debate about fiduciary duty.
It came as no surprise that the mutal fund giant split Roger Lawson's old job in two. It was no shocker that it tapped Abby Johnson to handle some of Lawson's former duties. But the hiring of BNY Mellon's Ronald O'Hanley? That was a surprise