UBS

The first-ever case of its kind is putting other broker-dealers on notice about the regulator's enhanced abilities to identify patterns of abuse.

Punished by the plunge in the energy sector, some advisers await a rebound that can take advantage of master limited partnerships’ tax status.

The wirehouse has served as a major banker for the island commonwealth, which has been defaulting on a growing share of its debt and has been placed under federal financial oversight.

Plus, Merrill Lynch grabs UBS planners who managed $750 million in client assets.

The new recruits joined the regional firm's employee channel.

The recruits left rival firms such as UBS and J.P. Morgan to join existing practices at the independent broker-dealer.

Two are coming back to Mother Merrill, having worked there in the 1990s.

Plus, Wells Fargo hires a $700M team from J.P. Morgan Private Bank and helps a $587M Morgan Stanley team go independent.

The wirehouse is also reorganizing how it deploys a number of product and service consultants and technology specialists.

The advisers, one of whom is a former football coach, are among the first to join the wirehouse since UBS unveiled sweeping changes to its comp plan.