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SoCal Merrill Broker Owes Nearly $1M in Notes Dispute with UBS

February 7, 2022 Share This Six-and-a-half years after joining Merrill Lynch’s Santa Monica, California office, a 33-year industry veteran must pay nearly $1 million back to his former firm, UBS Wealth Management USA, as part of a long-running promissory-notes dispute. The broker, Michael A. Margiotta, who left UBS in June 2015, was ordered by a […]

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J.P. Morgan Agrees to Drop Suit Tied to Cresset’s ‘Raid’ of Private Bankers

February 4, 2022 Share This J.P. Morgan has dropped a lawsuit against Chicago-based registered investment advisory firm Cresset Asset Management related to its alleged raid and recruitment of at least 10 J.P. Morgan private bankers. J.P. Morgan Securities, the bank’s broker-dealer, agreed in a stipulation with Cresset to dismiss with prejudice its claims, with both […]

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