Reuters - A former broker of a UBS AG unit can keep $1 million of a signing bonus he received when joining the firm, despite leaving earlier than terms of the bonus required, according to a ruling by an arbitration panel.
Pericles Gregoriou, who worked at UBS Financial Services Inc from 2007 to 2009, was found not liable for failing to repay amounts he owed to UBS for a signing bonus, according to a Financial Industry Regulatory Authority arbitration panel ruling dated Friday. UBS sought $1 million.
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