Articles Posted in ubs financial services

It was reported by AdvisorHub on January 24, 2017 that the firm terminated three high producing brokers who were being investigated internally.  The three brokers were members of the PC Wealth Management Group. The first broker, Michael Paesano, was reported to have been terminated over “concerns” of his “exercise of discretion…

Generally speaking, it’s usually not a good thing when when a company is fined for similar conduct multiple times. Just this month, UBS Financial Services, Inc. submitted a Letter of Acceptance, Waiver and Consent No. 2013038351701 (AWC) that detailed a $250,000 fine for failures in supervision regarding sales of mutual…