FINRA’s National Fraud and Financial Crimes Detection Programs has sent 50 cases to the SEC involving potential fraud by public companies related to COVID-19. So reports Think Advisor.
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The Department of Housing and Urban Development has changed principal…
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Since the turmoil that seized the banking sector with the mid-March failure of Silicon Valley Bank, at least 21 advisors have left First Republic Bank, with 13 heading to Morgan Stanley. So reports AdvisorHub.
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Private equity group Reverence Capital Partners is courting suitors for a minority stake in wealth…
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The NFL Players Association has approved UBS to work with current and former players through…
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Former brokers at Credit Suisse Securities recently scored another win against their old firm. So reports Investment News.
This case was about deferred compensation and stemmed from the firm’s October 2015 decision to close its U.S. private banking business. In the case, FINRA arbitrators said Credit Suisse must pay seven onetime brokers about $6.4 million. That covered damages, costs and attorneys’ fees.
The arbitrators also ordered Credit Suisse to pay 10% annual interest from the time each of the brokers left the firm in late 2015. That raised the total award to about $10 million.
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