A Florida lawyer charged in a $1.2 billion fraud apparently heeded the American Express slogan "Don't leave home without it."
Investors claiming they were fleeced by a high-profile South Florida attorney filed a $100 million lawsuit Friday contending that the lawyer orchestrated a massive Ponzi scheme with the help of a Canadian bank's U.S. subsidiary and several accomplices.
The former chief executive officer of UBS AG's wealth-management unit in the U.K., didn't heed warning signs that risk controls in the division were ineffective before an unauthorized trading loss was discovered.
UBS's wealth management operation, with Robert McCann at the helm, has been the lone bright spot for the Swiss bank in 2011. That revival continued yesterday, as the unit landed two more big advisory teams from rivals.<br> <b>Extra</b> <a href=http://www.investmentnews.com/apps/pbcs.dll/gallery?Site=CI&Date=20111220&Category=FREE&ArtNo=122009999&Ref=PH>The 10 biggest stories of the year &raquo;</a>
Cuts for larger companies may be paid for by elimination of deductions for LLPs and LLCs
Arbitration award was based on wrongful sale of VAs and variable life insurance to elderly man and his late wife; judge refuses to vacate the payment
Fund firm boss sees up to 50% chance U.S. will slide into recession
A Finra arbitration panel has ruled against Société Générale SA and a handful of its affiliates, ordering the bank to pay $61 million to a California-based fund manager.
The global economy risks lapsing into recession, with the pace of growth falling below the “new normal” level that the firm has predicted since 2009, according to Bill Gross, manager of Pimco's Total Return Fund, the world's biggest bond fund
2011 has been an awfully eventful year for advisers and reps -- some good, some bad. But what were <i>the</i> biggest stories of the year? Here are our top ten picks, including a No.1 that might surprise.
As Finra recently indicated in its summary of this year's examinations, <a href=http://www.investmentnews.com/article/20111221/FREE/111229981>, 2011 was a very busy year.</a>
The U.S. Securities and Exchange Commission appealed a federal judge's decision to reject its proposed $285 million settlement with Citigroup Inc.
Finra alleged that a broker bought reverse convertible notes for 21 mostly elderly customers
Thank you, Judge Jed Rakoff, for insisting that the SEC and big financial services firms come clean with the facts surrounding their legal battles before asking courts to sign off on a settlement.
The Securities and Exchange Commission appears likely to pursue more cases administratively as a result of a federal judge's decision last week to reject a $285 million settlement with Citigroup Inc.
Rainey sees big gains to be made off market gyrations, overreactions
Named CEO of Swiss bank's Americas unit; wealth management side gaining clout
Citigroup Inc.'s $285 million settlement with the U.S. Securities and Exchange Commission over mortgage-backed securities was rejected by federal judge who said he hadn't been given enough facts to approve it.
The former chief executive officer of UBS AG's wealth-management unit in the U.K., said he was “confused” by the British finance regulator's attempt to fine him for failing to prevent unauthorized trading.
