Frederick

SEC to Pay $30 Million Whistleblower Award, Its Largest Yet

Blowing the whistle is increasingly worth big bucks.The Securities and Exchange Commission said Monday that a foreign tipster will collect a record whistleblower award of more than $30 million, more than twice as much as the highest previous award. The award came less than a week after Attorney General Eric Holder gave a New York speech in …

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Morgan Stanley/UBS Merger “Conversations”

SEPTEMBER 8 – There are rumblings, rumors, conversations, hypotheticals within the wealth management industry that Morgan Stanley has given consideration to buying UBS WMA’s North American operations. We have heard this ‘what if’ from an interesting collage of sources – enough of them that it certainly warrants referencing and discussing. Who are the folks having …

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SEC Takes Action in Alleged Variable Annuities Scheme

The Securities and Exchange Commission announced enforcement actions against a pair of brokers, an investment advisory firm and several other people involved in an alleged variable annuities scheme that the agency alleged was designed to profit from the imminent deaths of terminally ill patients in nursing homes and hospice care.While some of those charged have …

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