Finra bars former UBS rep for private securities transactions

Regulator says Kenneth Tyrrell engaged in undisclosed trades worth $13 million.
DEC 08, 2017

The Financial Industry Regulatory Authority Inc. has barred former UBS broker Kenneth S. Tyrrell for participating in eleven undisclosed private securities transactions and engaging in five undisclosed outside business activities. He did not give prior notice to UBS about the transactions, which were worth $13 million, Finra said in its letter of acceptance, waiver and consent. (More: Former First Allied broker barred for failing to provide information about outside trades) Mr. Tyrrell entered the securities industry in 1994 and worked at several firms before joining UBS Financial Services in 2008. He was terminated by the firm in August 2016, after which he worked for Cary Street Partners. He was terminated from that firm in 2017.

Latest News

Practifi rolls out AI CRM amid RIA tech arms race
Practifi rolls out AI CRM amid RIA tech arms race

Sentir joins a wave of AI-native launches as RIA firms seek a competitive edge from CRMs and artificial intelligence use.

april adds IRS tax data to platform as more RIAs seek a tax service edge
april adds IRS tax data to platform as more RIAs seek a tax service edge

Advisors gain a direct line to client tax transcripts as new data shows tax services increasingly separate top-performing firms from the pack.

Student debt drives parents toward 529 plans, Fidelity finds
Student debt drives parents toward 529 plans, Fidelity finds

New Fidelity data links parents' own loan burden to record 529 savings and delayed retirement planning.

Middle-class Americans are falling short on retirement, new report finds
Middle-class Americans are falling short on retirement, new report finds

Transamerica survey of 7,600 Americans reveals debt, inflation, and caregiving demands are derailing retirement security.

Advisor moves: Severn Wealth Management joins Cetera after departing Commonwealth
Advisor moves: Severn Wealth Management joins Cetera after departing Commonwealth

Annapolis-based firm moves its $160 million practice from Commonwealth to Cetera's Summit Financial Networks channel.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income