By Tom Costello of Costello Law Group The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) fined UBS Wealth Management for claims related to the offer and sale of the Puerto Rico bond fund. The SEC’s fine totaled $15 million. The money will go into a fund for the […]
By Tom Costello of Costello Law Group A retired couple received a $2.5 million award in a UBS Puerto Rico bond case. The retired couple claimed that their funds were improperly concentrated in the proprietary closed-end Puerto Rican bond funds. In 2013, the bonds began to lose their value, which resulted in a […]
By Tom Costello of Costello Law Group posted in Securities on Tuesday, October 6, 2015. FINRA has filed a complaint against a former UBS and Morgan Stanley financial advisor named John Waszolek. The basis of the complaint is FINRA’s belief that Waszolek took advantage of an elderly client, with an Alzheimer’s diagnosis, by having the client […]
