Defendant Name: UBS Securities LLC

Defendant Type: Subsidiary of Public Company
Public Company Parent: UBS AG
SIC Code: 6021
CUSIP: H8923133

Initial Case Details

Legal Case Name In the Matter of UBS Securities LLC
First Document Date 06-Aug-2013
Initial Filing Format Administrative Action
File Number 3-15407
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Securities Act
• Sec 17(a)(2)
• Sec 17(a)(3)

Related Violations Alleged

UBS Securities LLC is alleged to have caused ACA Management LLC's violation of Section 206(2) Investment Advisers Act.

Resolutions

First Resolution Date 06-Aug-2013
Headline Total Penalty and Disgorgement $49,782,187

Related Documents:

33-9438 06-Aug-2013 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to 8A of the Securities Act of 1933, Section 15(b)(4) of the Securities Exchange Act of 1934, and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On August 6, 2013, the SEC instituted settled administrative proceedings against USB Securities, LLC. According to the Commission, "UBS violated certain provisions of the federal securities laws in connection with the structuring and marketing of a largely synthetic collateralized debt obligation...."
2013-146 06-Aug-2013 Press Release--Administrative Proceeding
UBS to Pay $50 Million to Settle SEC Charges of Misleading CDO Investors
On August 6, 2013, the SEC announced that it, "charged UBS Securities with violating securities laws while structuring and marketing a collateralized debt obligation (CDO) by failing to disclose that it retained millions of dollars in upfront cash it received in the course of acquiring collateral for the CDO."