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UBS Gives Walking Papers to Ohio Team Leader over Outside Business Concerns
Patrick R. Murray, who led a Sandusky, Ohio-based UBS team, was discharged in September for stepping beyond the scope of the wirehouse’s approval letter for his outside business activity, according to a U5 filing with regulators.
Ex-Broker Loses Bid to Overturn Bar Over Alleged Theft of $1-Mln from RBC
Finra appeals panel said that the broker’s actions reflected “dishonesty” and did not grant him leniency for returning the money to RBC.
Democrats Float $10,000 Threshold for Bank-Account Reporting
Democrats are vowing to crack down on tax cheats by giving banks new requirements to disclose to the IRS accounts that have total annual inflows or withdrawals of at least $10,000.
J.P. Morgan Advisors Gives Broker Comp a Facelift, Adds Sunsetting Program
Phil Sieg, who took over the traditional brokerage unit earlier this year, briefed advisors on Tuesday about a new grid formula and bonuses for asset gathering, length of service and teaming.
