UBS Reportedly Still Advising Brokers to Keep Selling Risky Puerto Rico Funds

Ponzi scheme attorneys

UBS AG is still sticking to its guns and recommending that some clients buy risky Puerto Rico closed-end bond funds, in spite of the fact that hundreds of arbitration claims by investors who blame the securities for huge losses, according to an internal document earlier reported by Reuters. UBS, which has about 130 advisers in… Read more »

Jeffrey Carter Smith Suspended and Fined in Connection with Unauthorized Transactions in Customer Accounts

Jeffrey Carter Smith, a financial professional formerly registered with UBS Financial Services, Inc., was sanctioned by securities regulators in connection with claims that Smith made hundreds of unauthorized transactions. Smith was suspended from the securities industry for nine months and fined $10,000 by the Financial Industry Regulatory Authority (FINRA). Smith serviced three separate Uniform Gifts… Read more »