The award contains two unusual features: $500,000 in punitive damages to the clients and a two-to-one split decision among the three-person panel.
The regulator found that the listing proposal didn’t do enough to prevent fraud and manipulation.
The agency said UBS reps didn't understand the complex product or whether buying it was in a client's best interests.
Firms are supposed to begin tracking data such as customers’ capital gains and losses starting in January.
The Nuveen Global Net Zero Transition ETF seeks to decarbonize by engaging with high emitters.
Don't assume that clients intend to spend their principal in retirement.
Advisers weigh in with their suggestions for the lucky individual who has the winning ticket for the Mega Millions drawing.
The platform has now received four rounds of outside funding in less than two years from investors that see the potential for diversification in the current market environment.
With bonds slumping, a record amount of money is pouring into exchange-trade funds focused on big dividend payouts.
The president of the crypto exchange, Sam Bankman-Fried, says that he's 'excited’ about Robinhood’s prospects.
While it might be a lousy long-term investment, gold has a proven track record of rising to the occasion when times are tough.
Their attorney, Jeffrey Erez, said they were misled by UBS brokers who didn't understand the risky product.
Advisory firms' challenges when it comes to alts range from getting access to investments, meeting minimums, figuring out how to subscribe and the headache of performance reporting.
The regulator sanctioned the broker-dealer for violations related to its marketing of securities it had underwritten and failings related to sales of GPB private placements.
The bank joins a long list of financial backers funding the $130 billion tech-savvy platform for investing in alternatives.
The bill would raise the RMD age from 72 to 75, increase catch-up contributions and allow retirement plan matches for student loan payments. It will be combined with another recently advanced Senate measure.
Financial advisers say clients are asking about alternatives to the standard investments in stocks and bonds.
United Planners' Financial Services was negligent in 2018 when it failed to inform clients that GPB had missed a deadline for filing financial information, according to Finra.
Fewer Bitcoins are being moved to exchanges from so-called cold wallets — offline stores of the digital asset — for potential sale.
The former Onramp exec is more bullish than ever on digital assets, which is why he's launching new businesses to capitalize on the trend.
