Breach of Fiduciary Duty

Representing Investors Nationwide

UBS Ordered To Pay Largest FINRA Award To Date for Losses Associated with Puerto Rico Municipal Bonds and Bond Funds

This week, a Financial Industry Regulatory Authority (FINRA) panel ordered UBS Financial Services Inc. (UBS) to pay restitution of nearly $20 million dollars for losses associated with the recommendation and sale of Puerto Rico bonds and closed-end funds sold to a UBS customer and his associates. This is the largest amount tha

House Committees Ready Two New Assaults on DOL fiduciary Rule This Week

An article published yesterday (July 17, 2017) in InvestmentNews, reveals two House panels are poised to launch assaults on the Labor Department's fiduciary rule. One is a vote on a bill to kill Labor's rule and replace it with a disclosure-based best-interest standard, while another will take up legislation to prevent funding for enforcement of the regulation.  As it usually plays out, if successful, Wall Street wins and individual investors again lose. Gone will be the newly enacted protections so badly needed in an industry characterized by systemic conflict and greed.

Subscribe to RSS - Breach of Fiduciary Duty