Former UBS investment adviser charged with stealing $5.8m from client

The Securities and Exchange Commission charged German Nino, a former securities broker and investment adviser representative for UBS Financial Services Inc., with stealing $5.8m from a long-standing client. Th US regulatoru said in a statement on 24 January that the complaint alleges that Nino, of Weston, Florida, stole the investment funds from his client's accounts over nearly a six-year period and used the majority of the money, $4.2m, on gifts for several women with whom he had romantic relationships. Nino allegedly employed various methods to conceal his misconduct from his clien...