The Massachusetts Securities Division is investigating UBS PaineWebber’s supervisory and compliance procedures in connection with allegations of a broker stealing more than $4 million from clients.
Morgan Stanley unveiled a new compensation plan for brokers that rewards fee-based business and penalizes transactional business. The plan, announced to brokers in mid-September, takes effect in January 2003. It calls...
With arbitration cases on the rise, many brokers are shaking in their wingtips about the prospect of being dragged through a legal process that, because of the current environment, some believe is heavily slanted...
