The White Law Group is currently representing two former UBS financial advisors in a litigation matter involving their alleged promissory note obligation to UBS. Based on our preliminary investigation, it appears that these particular financial advisors were forced to leave UBS because UBS did away with a trading program that was critical to their business [...]
The US District Court for the Western District of Texas should confirm an arbitration award for brokerage firm Citigroup Global Markets Holding Inc. (n/k/a/ Morgan Stanley Smith Barney, LLC) against a former employee who failed to pay his promissory note—so says magistrate judge Nancy Stein Nowak. Nowak argued before the Texas court that even if [...]
Promissory Notes (often called up-front forgivable loans) are commonly used as a recruiting tool by many of the major brokerage firms in the securities industry, including Morgan Stanley Smith Barney, Banc of America Investment Services, Wachovia Securities, Wells Fargo, Merrill Lynch, Ameriprise (formerly H&R Block), and UBS Financial Services. Essentially, brokerage firms use the up-front [...]