Former UBS Trader Banned For Life – ValueWalk Premium
UBS

Former UBS Trader Banned For Life

A former UBS AG (NYSE:UBS) senior trader has been barred for life from working in the financial industry for manipulating financial data and falsifying reports.

John Hughes, a senior trader on the bank’s synthetic equities desk in London, discovered a scheme on the trading desk whereby traders officially reported profits and losses were manipulated through a “slush fund of money” internally called the “umbrella,” the

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