Recently introduced legislation threatens to change the IRS rules on independent contractor worker classification and the Financial Service Group (FSI) is worried.
The latest news out of UBS involves former Merrill executive, Bob McCann, who’s dealing with a non-compete clause that’s keeping him from supposedly joining the firm.
Advisors might think twice about taking a Friday off and leaving your book in the hands of your “capable” sales assistant (or client associate—whatever firms call trusted SAs these days).
Bloomberg is reporting that Bob McCann, the former head of Merrill Lynch’s brokerage unit, is nearing a deal with his old employer that will allow him to take a job running UBS’s wealth management unit.
Morgan Stanley’s recent move to increase trading risk and add traders a la Goldman Sachs is a just another bad strategy in a long line of lousy executions by management, says Dick Bove, vocal analyst of Rochdale Securities in a note released...
The New York Post reports today that Bernie Madoff is dying of cancer. According to an inmate at the North Carolina prison, Madoff is telling everyone that he doesn’t have long to live.
Regulators, consumer advocates and politicians continue to hammer out what it might mean for Series 65 investment advisors and series 7 registered reps to adhere to the fiduciary standard, under the Obama administration's June plan for financial...
After months of negotiations, UBS announced it has signed a formal agreement with the IRS to end the cross-border dispute regarding alleged tax-evading UBS American clients. As a result, the names of approximately 4,450 American clients of the...