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 10-Nov-2011
Initial Filing Format Administrative Action
File Number 3-14620
Allegation Type Market Manipulation

Violations Alleged

Other
• Section 17(a) Exchange Act; Rule 203(b) of Regulation SHO Exchange Act

Resolutions

First Resolution Date 10-Nov-2011
Headline Total Penalty and Disgorgement $8,000,000

Related Documents:

2011-240 10-Nov-2011 Press Release--Administrative Proceeding
SEC Charges UBS With Faulty Recordkeeping Related to Short Sales
On November 10, 2011, the SEC announced in a Press Release that it, "charged UBS Securities LLC for inaccurate recording practices when providing and recording 'locates' to customers seeking to execute short sales."
34-65733 10-Nov-2011 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On November 10, 2011, the SEC instituted settled administrative and cease-and-desist proceedings against UBS Securities LLC. According to the SEC: "These proceedings arise out of practices engaged in by the securities lending desk of UBS Securities LLC ('UBS') in providing and recording 'locates' to its customers to enable the customers to execute short sales."
33-9276 10-Nov-2011 Administrative Proceeding
Order Under Rule 602(e) of the Securities Act of 1933 Granting a Waiver of the Rule 602(c)(3) Disqualification Provision
On November 10, 2011, the SEC granted the request of UBS Securities LLC for a waiver pursuant to Rule 602(e) under the Securities Act from the application of the disqualification provision of Rule 602(c)(3) under the Securities Act resulting from the entry of the November 10, 2011 Order.