UBS Client Says His Wife Moved In With Their Wealth Advisor. It Got Messy

What You Need To Know

• Richard Kallman, the heir to a family of bookdealers, has filed a lawsuit and is seeking $10 million in damages.
• The bank and advisor Ira Walker have sought to move the dispute into arbitration.
• The industry’s main regulators have no rule explicitly setting boundaries for ties outside the office.