Updated Saturday, August 2, 2014 as of 12:35 AM ET
SEC Charges Broker With Bilking Elderly Clients
The SEC charged an ex-UBS broker with falsifying statements and stealing $730,000 from elderly clients, some of whom were legally blind.
Authorities said the Roanoke, Va.-based broker, Donna Jessee Tucker, allegedly defrauded nine clients by either stealing their money or falsifying their financial documents from 2008 to 2013. She was alleged to have used the money to pay for vacations, a country club membership, three vehicles, clothes and other personal expenses.   more »
More in Regulatory/Compliance
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Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., continued to press their case over "too big to fail" in the wake of a new government report that raises fresh questions about the size of a market subsidy for the largest institutions. more »
Most bankers expect to see deposits flow out of their coffers next year if interest rates rise as expected, and some are starting to estimate how many. Whether the trend is good or bad depends on each bank's specific situation, but everybody has to get ready. more »
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Derek Bruton takes the top job at a firm with historical ties to an advisor that the SEC has barred from the industry. more »
Board pledges not to punish widely followed advisor while they try to resolve fee-only compensation issue; draws accusations of 'arbitrary' treatment. more »
UBS is facing more than $600 million in damage claims filed by Puerto Rico investors in closed-end bond funds, the bank said in its second quarter earnings report Tuesday. more »
UBS AG said the U.S. Securities and Exchange Commission has been investigating its dark pool since early 2012, the first time the Swiss bank has acknowledged the probe now in its third year. more »
Can Social Security benefits be seized by collectors; Key numbers to know for a successful retirement; Costly mistakes to avoid more »
Morgan Stanley agreed to pay $275 million to resolve a U.S. regulator’s claim the company misled investors in the sale of more than $2.5 billion of bonds backed by home loans. more »
Do you have the best or worst 401(k) plan; 7 deadly sins of retirement; How to avert a Casey Kasem-type drama more »
New rules will require institutional prime funds to allow NAV to float to market value. more »
After being ordered to stop calling his firm fee-only, Rick Kahler claims retribution and threatens a lawsuit. more »
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