Retirement Planning Scottsdale
  • Home
  • About Us
    • Consumer Advocate
  • Contact

Anil Vazirani Scottsdale Investment Advisor shares UBS Settles with SEC for $10 Million Over Municipal Bond ‘Flipping’

July 24, 2020Financial Advisor Scottsdale AzRetirement Planning Scottsdale

Anil Vazirani Scottsdale Investment Advisor shares UBS Settles with SEC for $10 Million Over Municipal Bond ‘Flipping’

UBS has agreed to pay more than $10 million following SEC charges the firm violated municipal bond securities rules.

UBS has agreed to pay more than $10 million following SEC charges the firm violated municipal bond securities rules.

The SEC complaint alleged that UBS allowed two unregistered entities, Core Performance Management in Boca Raton, Fla., and RMR Asset Management in Chula Vista, Calif., to flip bond offerings over a four-year period. Flipping is the process whereby firms improperly allocate bonds intended for retail investors to other parties who then ‘flip’ the bonds and sell them to other broker/dealers for a profit.

In addition, the SEC alleged that UBS registered representatives knew or should have known that flippers were not eligible for retail priority and that UBS registered representatives facilitated over 2,000 such trades, allowing UBS to fill its own inventory with such bonds.

Read More: https://www.wealthmanagement.com/regulation-compliance/ubs-settles-sec-10-million-over-municipal-bond-flipping

Anil Vazirani is president of Secured Financial Solutions, independent insurance advisor investment advisor rep with a fiduciary obligation and in the financial services industry since 1994. A+ rating with the Better Business Bureau for over a decade and a half, members in good standing with the National Association of Insurance and Financial Advisors.

Dial 1-800-957-5604 x 200 and set up a complimentary strategy session to understand what your goals are, understand what objective you’re trying to accomplish, your risk tolerance, and let us show you how to reduce your investment fees from stocks, bonds and mutual funds down to one point, or five percent when you work with our investment advisory platform. Dial 1-800-957-5604 x 200, and on the web at: DreamRetire.com

Anil Vazirani Integrity and Professional Background – Click Here

RETIRE AND STAY RETIRED,
SAFE, SMART, AND SECURE!

Call today for a Complimentary
Strategy Session: 1-800-957-5604 x 200

Secured Financial Solutions
14301 North 87th Street, Suite # 216, Scottsdale, AZ 85260

http://dreamretire.com/

Tags: Anil Vazirani, RMR Asset Management, SEC, UBS

Related Articles

Anthony Laurita letter to AZ Attorney General, AZ Reps, AZ Governor Doug Ducey, AZ Senator, AZ Corporation Comm, AZ Dept of Ins., SEC, FINRA re: Nationwide New Heights Index Annuity

August 27, 2018Financial Advisor Scottsdale Az

Anil Vazirani Scottsdale Investment Advisor shares A CARES Act RMD bonus for retirement savers

July 14, 2020Financial Advisor Scottsdale Az

Anil Vazirani Scottsdale Investment Advisor NEW DATES FOR SEPTEMBER & LOCATIONS ADDED FOR OUR RETIREMENT PLANNING WORKSHOPS, RSVP ONLINE!

August 14, 2020Financial Advisor Scottsdale Az

Visit our Site: DreamRetire.com

Anil Vazirani - Cover of Senior Market Advisor Magazine

Anil Vazirani - Cover of Senior Market Advisor Magazine

Anil Vazirani - Financial Advisor
Retirement Planning Scottsdale

Retirement Planning Scottsdale

Anil Vazirani

Anil Vazirani

Flemings

Flemings

Anil Vazirani Annuities Retirement Financial Advisor

Anil Vazirani Annuities Retirement Financial Advisor

© Copyright 2018 retirementplanningscottsdale.com | All Rights Reserved | Privacy Policy