UBS:

McCann Sets Ambitious Targets for UBS (Registered Rep)

UBS boss: No quick turnaround (Investment News)

Bob McCann vows to turn around UBS wealth business and culture (Investment News)

FINRA and Fines:

FINRA: Be More Careful About E-Mail (National Underwriter Life & Health) The Financial Industry Regulatory Authority has imposed a $1.2 million fine on an insurer-affiliated securities firm over allegations that the firm had a weak e-mail supervision program.

Finra fines MetLife Securities and three affiliates $1.2M over supervision of broker email (Investment News)

FINRA Fines Morgan Stanley, Other Firms (On Wall Street) - The Financial Industry Regulatory Authority censured and fined four firms a total of $175,500 for municipal and other rule violations, including $55,000 against Morgan Stanley for failing to report municipal and corporate securities transactions in a timely manner.

88-year-old woman wins $1.1M claim against William Blair, ex-brokers (Investment News) - Longtime client claims that brokers secretly changed her account, then sent statements to a phony e-mail address (Investment News)

Results:

Wirehouse Firms Report Third Quarter '09 Results (Research Mag) The latest news on Merrill Lynch, Morgan Stanley Smith Barney, Wells Fargo Advisors and UBS, including results for the three months ended September 30.

Fidelity promoting independence:

Fidelity markets new tools guiding brokers to 'independence' (Investment News)

Fidelity Expands Breakaway Broker Program (FA Mag) - Fidelity Investments says it has broadened its transition program for breakaway brokers with a tool designed to help wirehouse brokers gauge the financial impact of going independent.

Forbes' Most Powerful

Who are the financial players in Forbes' 'most powerful' list? (Wealth Bulletin) - Two financial chief executives enter the top 20 in Forbes magazine’s ranking of the world's most powerful people, alongside heads of state, terrorists, drug lords and philanthropists.

• 16. Larry Fink, chief executive of BlackRock
  
• 18.Lloyd Blankfein, chairman and chief executive of Goldman Sachs
  
• 30. Jamie Dimon, chairman and chief executive of JP Morgan Chase
  
• 32. Bill Gross, chief investment officer, Pimco
  

National Planning takes on 65 reps and $750M from Main Street (Investment News)

Merrill's Big Plans (Investment Advisor) - Krawcheck to spend $20 million, and bring back the bull.