1.0
16 Apr 2016
Former employee, more than 10 years
San Antonio, TX
Recommend
CEO approval
Business outlook
Pros
The technology is incredible and has to be the envy of the financial industry. The San Antonio office is very plush with a large trading floor. If you bring in the moolah they love you.
Cons
CEO profits from bond UITs at the expense of investors by having his trader purchase bonds, them "move" them into CEO's private LLC where he marks them up for his gain + sells back in UIT. Investors get highly marked up bonds & pay fees too. People recommend UIT swaps that add layers of fees for investors where the financial gain + investment objective of the switch is undermined.