UBS hired Ananias (Andy) Blocker as a managing director in its US Office of Public Policy. Blocker is based in Washington, DC and will represent UBS on banking, securities and other financial services issues in Washington. Dennis Klaeser joined...
Mind the Stairwell at Merrill Lynch: A year and a half after a Merrill Lynch trader, upset by a reduction in his bonus, defecated on the floor of a trading area bathroom and proceeded to track it around the office, a similar incident has taken...
In recent years, plenty of investors poured into emerging market stock funds. The new shareholders hoped to profit from the boom in developing countries, such as China and Brazil. But their high hopes were dashed by the credit crisis. During the...
In Registered Rep.'s May cover story, titled Are You Worth It? the sponsor of the Registered Rep. compensation study cited on p.48 was incorrectly identified as Cambridge Associates. The sponsor of the study was Cambridge Investment Research...
In a recent keynote address, I asked my audience of advisors and managers to imagine the following scenario: We're in the midst of a serious flu epidemic. As a result, a lot of sick people have flooded hospitals and doctors' offices throughout the...
It wasn't long ago that Larry Rothenberg had the kind of problem most advisors would kill for. Sometime in 2004, he recalls, his team, which then consisted of three senior financial advisors, three junior FAs and six client associates (CA), was...
Hedgie Gets $62M Fine: Michael Lauer, head of Lancer management Group and Lancer Management Group II, two Connecticut-based hedge funds, was ordered on May 14 to fork over $62 million within 15 days as a result of being found liable on SEC fraud...