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Registered Rep. February 1, 2003 Pamela J. Black	The Enforcers In the U.S., NASAA, the North American Securities Administration Association, is the association of the 50 state securities regulators responsible for efficient capital formation and grass roots investor protection.
Registered Rep. June 29, 2011 Kristen French	Raymond James Hit With $300 million ARS Settlement; Pay Back For All ARS Clients The company has agreed to a multi-state settlement that will require the firm to buy back $300 million in auction rate securities it sold to clients prior to the collapse of the ARS market in February of 2008.
The Motley Fool August 12, 2008 Morgan Housel	Auction Rate Ugliness Returns Quit blaming others when your portfolio explodes.
Registered Rep. August 7, 2008 John Churchill	Citi Settles With SEC and Cuomo Over ARS Failure The firm has agreed to buy back auction rate securities sold to institutional and retail investors nationwide who've been stuck with the illiquid investment vehicles since February 12, 2008.
Registered Rep. October 8, 2008	Bank of America Reaches Second Settlement To Buy Back ARS The agreement closely mirrors the firm's earlier settlement with the Massachusetts Securities Division that was announced in September, 2008.
The Motley Fool November 22, 2006	Is Your Brokerage Insured? Investors looking for brokers should do a little research on insurance first.
Registered Rep. June 26, 2008 John Churchill	Tough Morning For Brokerage Sector Stomachs are surely turning at the wirehouse brokerage firms this morning.
The Motley Fool December 23, 2009 Robert Steyer	The Daily Walk of Shame: Auction Rate Securities Auction rate securities were promoted as being as safe as CDs, but when the ARS soured in early 2008 and customers wanted their money back, promoters said the accounts were frozen.
Registered Rep. September 10, 2008	Bank of America to Buy Its ARs Back The nation's second-largest bank by assets settled an investigation by Massachusetts regulators, agreeing to buy back $4.5 billion worth of the securities.
Registered Rep. January 1, 2003 Rick Weinberg	UBS PaineWebber Cuts Bonuses, Expense Accounts Brokers at UBS Securities received a double hit of bad news in early December. Not only were they informed that the bonuses they receive for assets under management were being cut, but expense accounts are being trimmed as well.
Registered Rep. November 8, 2011 Jerry Gleeson	Auction Rate Revenge For tens of thousands of investors who were trapped in the auction rate securities debacle that started in 2008, finances are getting back to normal.
Registered Rep. July 20, 2009 David A. Geracioti	The Auction Rate Securities Mess Still Lives This time it was TD Ameritrade, without admitting or denying guilt, who settled with the SEC "for making inaccurate statements when selling auction rate securities (ARS) to customers."
Financial Planning August 1, 2008 Andrew Ackerman	In First, Mass. Sues UBS In the first state-level lawsuit against an investment firm over auction-rate securities, Massachusetts has filed securities fraud charges against UBS for selling retail investors auction-rate paper as "liquid, safe, money-market" instruments even though the defendants knew it was not.
Registered Rep. December 11, 2008	SEC Finalizes $30 Billion ARS Settlement With Citi And UBS The $30 billion settlement is the largest in SEC history and restores liquidity to ARS investors at par value of their holdings.
Registered Rep. January 12, 2006 John Churchill	UBS Dinged $50 Million for Market Timing New York Stock Exchange Regulation, along with the New Jersey Bureau of Securities, today announced that UBS Financial Services was fined $49.5 million for failure to supervise the deceptive market timing activities of its brokers.
Registered Rep. February 3, 2009 John Churchill	Wachovia-UBS Hookup Rumored but Unlikely Here's a possible new twist in the changing financial services landscape: A report in the New York Post raises the possibility of a "joint venture" between the wealth management divisions of Wachovia Securities and UBS.
On Wall Street February 1, 2011	Five Questions With David Massey The deputy securities administrator for the state of North Carolina, began a one-year term as president of the North American Securities Administrators Association in September.
The Motley Fool September 30, 2004	Is Your Brokerage Insured? Don't take big chances with your money -- look for SIPC protection.
Registered Rep. March 15, 2010 John Aidan Byrne	McCann Is the Man at UBS; Name Change to PaineWebber? The much-anticipated revival plan for UBS Wealth Management Americas will cap off a series of recent organizational changes garnering support from an important constituency: advisors at the beleaguered brokerage.
On Wall Street October 1, 2008 Donna Mitchell	Auction-Rate Securities Dust Settles, But What About Small Brokerages? Observers expect red faces as regional brokerage customers are left out of the settlements and advisors better prepare for some harsh words.
The Motley Fool February 11, 2004 Selena Maranjian	Avoid "Brokerage Identity Theft" Identity theft doesn't just happen to individuals. Even brokerages can be victims. Be wary when someone contacts you claiming to be a brokerage, even a well-known one.
Registered Rep. March 28, 2008 David A. Geracioti	More Trouble In Auction-Rate Securities Land The State of Massachusetts Secretary of State is investigating the sales practices of auction-rate securities, to learn how these securities are presented to individual clients in the state.
Registered Rep. January 1, 2007 Halah Touryalai	Spitzer Defends UBS Brokers--No, Seriously Eliot Spitzer announced in mid-December that he thinks the $89 million overtime settlement that UBS agreed to in February 2006 is unfairly distributed, and he's asking a Northern California District Court to reject the proposed settlement amount.
Registered Rep. August 1, 2008	Correction The correction of a quote regarding information gathered from brokerage clients invested in auction-rate securities.
On Wall Street December 1, 2008 Alan J Foxman	Sipc Insures Select Cases Brokers are unsure what to tell clients about SIPC coverage, as well as the rationale on arbitration disputes.
Registered Rep. August 6, 2010 John Aidan Byrne	UBS Advisors Welcome Mortgage Rollout Financial advisors at UBS Wealth Management Americas closely watched this week as the U.S. brokerage rolled out plans to sell more of its own mortgage and lending products through its retail brokerage force.
Registered Rep. November 1, 2004 John Churchill	Exodus At UBS? This month, the contingent of PaineWebber brokers who remained at UBS following the 2000 merger will receive the final installment of their post-merger retention bonuses, perhaps triggering a mini-exodus of brokers come the first of the year.
Registered Rep. June 9, 2008	Credit Downgrades, More Write-Downs And The ARS Market Credit downgrades to MBIA and AMBAC Financial Group, the world's largest bond insurers, will lead to more write-downs at Citigroup, Merrill Lynch and UBS, according to a new research report.
On Wall Street October 1, 2013	Five Questions with A. Heath Abshure A. Heath Abshure, the outgoing president of the North American Securities Administrators Association discusses his tenure.
Registered Rep. May 8, 2008	UBS Needs A Lift Ticket UBS is facing serious scrutiny by the Securities and Exchange Commission and the Department of Justice to determine whether or not the bank aided clients in committing tax evasion from 2000 to 2007.
Registered Rep. March 3, 2006 Halah Tourylai	Third Wirehouse Coughs Up Millions In Overtime Cases Yesterday, Morgan Stanley became the third wirehouse, after Merrill Lynch and UBS, to settle class action suits with California brokers over overtime pay in the past seven months -- the second in three weeks.
Registered Rep. December 12, 2003 John Churchill	Dot Conned The "information highway" can quickly become the road to ruin for some unwitting investors, according to Stephen Harbeck, president of the Securities Investor Protection Corporation.
Registered Rep. September 3, 2003 David Gaffen	NASD: Brokers With Complaints Need A Watchful Eye Heed the red flags. This is the thrust of a new NASD proposal that would require brokerage houses to devote extra supervision to reps with extensive numbers of complaints or regulatory actions against them.
Registered Rep. September 3, 2008 John Churchill	Brokers Charged In Fraudulently Selling $1bn Of ARS To Retail Clients In the first case of its kind, the SEC announced today that it has charged two individual financial advisors with fraud related to the sale of more than $1 billion in auction-rate securities.
Registered Rep. January 13, 2003 Gaffen & Geracioti	Wachovia-Prudential: For Real This Time? Can you say Pru-chovia? Prudential Securities and Wachovia Securities are very close to an agreement to join forces, one that was scuttled earlier in the year, reportedly due to differences in who would control the unit.
Registered Rep. December 22, 2006 Halah Touryalai	Spitzer Wants More Settlement Dollars for New York UBS Reps New York Attorney General and Governor-elect Eliot Spitzer is asking a Northern California court to disapprove the settlement terms of an overtime suit against UBS.
Registered Rep. August 7, 2007 Kristen French	Senior Fraud Crackdown Continues The second annual "Seniors Summit" is meant to examine ways in which regulators and other groups can help prevent the overwhelming amount of senior fraud being committed in the securities industry.
The Motley Fool October 4, 2006 Selena Maranjian	Is Your IRA Insured? Should you worry about insufficient SIPC insurance?
BusinessWeek March 10, 2010 Schmidt & Westbrook	Madoff, Stanford Victims Unite Victims of Bernie Madoff and accused Ponzi schemer Allen Stanford are banding together to lobby for Senate help in recovering some of their money.
Financial Planning July 1, 2011 Donna Mitchell	Hot Topics FINRA steps in... $80 million settlement of two class-action suits by Securities America... Whistleblower payday...
The Motley Fool June 19, 2008 Rich Duprey	Finally, Money for Auction-Rate Securities A new product may finally save investors stuck with frozen auction-rate securities.
Investment Advisor April 2008	News & Products, April 2008 FINRA has settled cases against five firms... Fidelity Investments has agreed to pay an $8 million penalty... FINRA fined and suspended 16 registered reps of State Farm VP Management Corp. of Bloomington, Illinois... etc.
The Motley Fool March 7, 2006	Brokerage Account Insurance Investors, don't count on SIPC insurance if your stocks plunge.
Investment Advisor January 2009 Melanie Waddell	Watch Out. Reform In on the Way As the New Year unfolds, one thing is certain: financial services regulatory reform will be hotly debated in the 111th Congress, and perhaps some reforms will actually be put into place.
The Motley Fool January 18, 2011 Selena Maranjian	Protect Yourself From Your Brokerage When you invest in stocks, you accept some risk. Your stocks may drop in value, shrinking your investment. That kind of risk is unavoidable, but other brokerage-related risks are not.
The Motley Fool July 2, 2008 Tom Hutchinson	UBS Purges Board Heads roll as UBS faces a myriad of financial and legal problems.
On Wall Street June 1, 2010 Mark Astarita	Tilting the Litigation Landscape Against the Financial Industry Current reform proposals could radically alter the broker-client relationship.
Investment Advisor October 2006 Kathleen M. McBride	News & Products How sweet it is: KeyCorp is selling its McDonald Investments branch network to UBS... More than a slap: Prudential Securities, Inc. was ordered to pay $600 million to regulators... etc.
Reason March 2009 Katherine Mangu-Ward	Lender Ender Threats from state and federal regulators have led Prosper, an online auction site that allowed individuals to negotiate private loans, to suspend its operations and leaves its future uncertain.
BusinessWeek June 25, 2009 Theo Francis & Mark Scott	European Regulators Target U.S. Firms New regulatory efforts by European policymakers may put American banks, insurers, and money managers at a competitive disadvantage.