The firm asked for a restraining order against 90-year-old Leonard Bernstein in Oklahoma County District Court Tuesday that would bar him from its offices and from any contact with former colleagues.
Leonard Bernstein is accused of shooting his 61-year-old colleague multiple times in an Oklahoma City branch office.
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 agency said UBS reps didn't understand the complex product or whether buying it was in a client's best interests.
Mikail Qazi and Timothy Martin are joining UBS Private Wealth Management in Washington, D.C.
Their attorney, Jeffrey Erez, said they were misled by UBS brokers who didn't understand the risky product.
The bank joins a long list of financial backers funding the $130 billion tech-savvy platform for investing in alternatives.
The three advisers are setting up shop as Harvest Wealth in the Maryland suburbs of Washington.
David Kowach is the second senior Wells Fargo executive with deep ties to wealth management to retire in the past two months.
Four advisers in Columbia, South Carolina, form Vision Wealth Advisors.
The four advisers are setting up shop as SkyPath Private Wealth in Summit, New Jersey.
Wells Fargo's IBD, FiNet, hasn't been 'a growth priority' for the wirehouse. Now it is. How has the strategy changed?
The Manhattan U.S. attorney's office is reportedly investigating allegations the firm conducted sham job interviews of minority candidates to satisfy in-house diversity guidelines.
While the firm has prevailed in some cases involving its options trading strategy. its losses are adding up, too.
CEO Charlie Scharf said in a memo that the bank would halt the use of diversity guidelines for hiring as it reviews the reports of fake interviews.
In 2017, Morgan Stanley and UBS shook up the industry when they exited an agreement on recruiting brokers. Take a look at the data on brokers leaving the wirehouses before and after 2017.
Blackstone's CEO says the firm sees a 'huge' opportunity with retail investors and advisers, while a Morgan Stanley executive talked about recent and potential acquisitions.
The firm and the former rep were ordered to pay Carlos Ramon Tapia Sanchez $160,000 each in damages; his attorney said the broker inappropriately recommended that Sanchez invest in junk bonds.
Morgan Stanley's private wealth management trains advisers to guide their clients through the peaks and valleys of first-generation wealth.
The industry veteran formerly held posts at PaineWebber and Merrill Lynch.
