Defendant Name: UBS AG

Defendant Type: Public Company
SIC Code: 6021
CUSIP: H8923133

Initial Case Details

Legal Case Name SEC v. UBS AG
First Document Date 18-Feb-2009
Initial Filing Format Civil Proceeding
Case Number 09-cv-00316
Allegation Type Broker Dealer
Federal District Court District of Columbia, District of Columbia

Violations Alleged

Other
• Section 15(a) Exchange Act; Section 203(a) Advisers Act

Resolutions

First Resolution Date 18-Feb-2009
Headline Total Penalty and Disgorgement $200,984,065

Related Documents:

comp20905 18-Feb-2009 Complaint
Complaint
The SEC stated: "From at least 1999 through 2008, defendant UBS AG ("UBS") acted as an unregistered broker-dealer and investment adviser to thousands of United States cross-border clients to facilitate the ability of those clients to maintain undisclosed accounts in Switzerland and other locations outside of the United States, which enabled those clients to avoid paying taxes related to those accounts."
LR-20905 18-Feb-2009 Litigation Release
UBS Agrees to Pay $200 Million to Settle SEC Charges for Violating Registration Requirements
The SEC stated that: "[It] filed an enforcement action against UBS AG, charging the firm with acting as an unregistered broker-dealer and investment adviser. The SEC's complaint . . . alleges that UBS's conduct facilitated the ability of certain U.S. clients to maintain undisclosed accounts in Switzerland and other foreign countries, which enabled those clients to avoid paying taxes related to the assets in those accounts. UBS agreed to settle the SEC's charges by consenting to the issuance of a final judgment that permanently enjoins UBS and orders it to disgorge $200 million. "
2009-29 18-Feb-2009 Press Release--Civil Action
UBS Agrees to Pay $200 Million to Settle SEC Charges for Violating Registration Requirements
The SEC stated that:"[It] filed an enforcement action against UBS AG, charging the firm with acting as an unregistered broker-dealer and investment adviser. The SEC's complaint . . . alleges that UBS's conduct facilitated the ability of certain U.S. clients to maintain undisclosed accounts in Switzerland and other foreign countries, which enabled those clients to avoid paying taxes related to the assets in those accounts. UBS agreed to settle the SEC's charges by consenting to the issuance of a final judgment that permanently enjoins UBS and orders it to disgorge $200 million."
court_doc10_09-cv-00316 23-Sep-2010 Court Docket Document
Amended Final Judgment as to Defendant UBS AG
On September 23, 2010, the Court issued an amended final judgment as to Defendant UBS AG stating: "Defendant . . . consented to entry of this Amended Final Judgment . . . without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Amended Final Judgment"