UBS Broker Wins $400,000 For Slander from Ex Partner

A top Morgan Stanley broker in California, Brett Grimes, was ordered to pay UBS broker Michael Sexton $300,000 in compensatory damages (plus 10% annual interest until the damages are paid in full), and also $100,000 in civil punitive damages. The three-person, Financial Industry Regulatory Authority (FINRA) arbitration panel also decided to permanently enjoin and restrain…

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Lyle Boudreaux Has Multiple Customer Complaints

Former Merrill Lynch broker Lyle Boudreaux was accused of making an inappropriate investment, breaching contract, violating state securities laws, negligence and for a client of his suffering losses as a result of an exchange-traded fund position in an advisory account. These are all against securities laws and internal firm rules. A brokerage firm like Merrill…

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