UBS Pays $50M Fine For Withholding $23.6M From Investors – ValueWalk Premium
UBS

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 . . .

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