Defendant Name: UBS Financial Services Inc.

Defendant Type: Subsidiary of Public Company
Public Company Parent: UBS Group AG
SIC Code: 6021
CUSIP: H4209710

Initial Case Details

Legal Case Name In the Matter of UBS Financial Services Inc.
First Document Date 19-Jul-2021
Initial Filing Format Administrative Action
File Number 3-20401
Allegation Type Investment Advisers/Investment Companies

Violations Alleged

Section 206(4) Advisers Act; Rules 206(4)-7 Advisers Act


First Resolution Date 19-Jul-2021
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

IA-5781 19-Jul-2021 Administrative Proceeding
Order instituting Administrative and Cease-and-Desist Proceedings, pursuant to 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 July 19, 2021, the SEC instituted settled cease-and-desist proceedings against UBS Financial Services Inc. stating: "This matter concerns UBS’s failure to adopt and implement written policies and procedures reasonably designed to prevent unsuitable investments in volatility-linked-exchange-traded products (“ETPs”) between January 2016 and January 2018 (the “Relevant Period”)."
2021-130 19-Jul-2021 Press Release--Administrative Proceeding
UBS Settles Charges Related to Investments in Complex Exchange-Traded Product
The SEC stated that: "[It] filed a settled action against UBS Financial Services Inc. for compliance failures relating to sales of a volatility linked exchange-traded product (ETP)."
34-99579 21-Feb-2024 Administrative Proceeding
Order Authorizing the Transfer to the U.S. Treasury of the Remaining Funds and Any Funds Returned to the Fair Fund in the Future and Terminating the Fair Fund
The Commission ordered that: "A. the remaining funds in the amount of $20,487.50 that are infeasible to return to investors, and any funds returned to the Fair Fund in the future that are infeasible to return to investors . . .; B. the Fair Fund is terminated."