UBS auction rate securities brokers/reps

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Aug 21, 2009 4:25 pm

I am studying the potential/actual impact of the UBS auction rate securities debacle.

I am curious as to the potential/actual consequences/implications of brokers (ie. a UBS broker) who worked with auction rate securities. 

Specifically, I am wondering how many of these brokers are still at their firms and how many brokers have since left (ie. a UBS broker). 

Also,  I'm curious as to the average production of a UBS broker/rep? compensation of a UBS broker/rep?

Additionally, any idea as to the damage to a broker/rep (ie. earnings, reputation, employability, client base)

Thanks for your help! Any insight gained will greatly help me in my studies on the aforementioned topic.


Sep 16, 2009 10:56 pm

1=no significant impact
2=still at UBS (although our office is moving to Stifel 'cause UBS doesn't want us)
3='08 1 mil+ '09 annualized over 800k
4=No angry clients (I had over 25 clients and a total of over $24 million in APS and ARCS when the market froze). Positioned properly, amd one of the few things UBS has done well over the last several years. No issues. Only wish I could buy ARC's and APS in the secondary mkt.

Sep 17, 2009 11:31 am
jaggiew:


2=still at UBS (although our office is moving to Stifel 'cause UBS doesn't want us)



You will be very happy and have a very long and satisfying career with Stifel.

I have to say that my happiest clients are those that have been placed with Stifel. (it's too bad UBS and Stifel have a no compete order at this current time)

Sep 17, 2009 9:08 pm

yeah its funny -- the luckiest clients in the world where the ones that had Auction Rate Securities.

Larry we are you singling UBS out? they actually handled the ARS market closure the best out of any firm. you should be talking to advisors / clients at firms like raymond james / BAC who are still stuck in them!

Sep 17, 2009 10:24 pm
ABOM:

yeah its funny -- the luckiest clients in the world where the ones that had Auction Rate Securities.

Larry we are you singling UBS out? they actually handled the ARS market closure the best out of any firm. you should be talking to advisors / clients at firms like raymond james / BAC who are still stuck in them!


 
Sep 17, 2009 10:33 pm

This guy isnt doing any "research". He's fishing for evidence and filler for an arbitration.  Go to another board please...we are on to you.  He is studying nothing but the securities attorneys in the yellow pages to find the cheapest one with the least amount of character.

Sep 17, 2009 11:43 pm
beansoup:

This guy isnt doing any "research". He's fishing for evidence and filler for an arbitration.  Go to another board please...we are on to you.  He is studying nothing but the securities attorneys in the yellow pages to find the cheapest one with the least amount of character.

 
Bean- I must agree with you on this one.  Whether "larrydavid" is the client or the attorney, he seems to be on a fishing expedition.