UBS Quietly Bans Advisers From Pitching SPAC Stocks to Clients: Report

UBS

UBS, a major player in the blank-check boom captivating Wall Street, has quietly banned its financial advisers from pitching SPAC stocks to wealth management clients, CNN Business reports.

The restrictions, which haven’t been previously reported, highlight the elevated risk of playing in what is one of the hottest corners of finance right now. Read more.

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