UBS Pays $50M Fine For Withholding $23.6M From Investors
The Securities and Exchange Commission (SEC) announced today that it was charging UBS AG (US listing) (NYSE:UBS) with violating securities laws when the bank kept $23.6 million in upfront fees and withheld that information while structuring and selling a collateralized debt obligation (CDO).
UBS AG (NYSE:UBS) has agreed to pay a $50 million fine . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible