Defendant Name: UBS O'Connor, 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 O'Connor, LLC
First Document Date 03-Jun-2013
Initial Filing Format Administrative Action
File Number 3-15347
Allegation Type Market Manipulation

Violations Alleged

Other
• Rule 105 Regulation M Exchange Act

Resolutions

First Resolution Date 03-Jun-2013
Headline Total Penalty and Disgorgement $5,297,356

Related Documents:

34-69680 03-Jun-2013 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Section 21C of the Securities Exchange Act of 1934, 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 June 3, 2013, the SEC issued an administrative and cease-and-desist order instituting an order against UBS O'Connor, LLC. According to the SEC: "These proceedings arise out of violations of Rule 105 of Regulation M ('Rule 105') by UBS O'Connor, a Chicago, Illinois based registered investment adviser and manager of nine funds. UBS O'Connor violated Rule 105 sixteen times between January 2009 and March 2011 in connection with certain short sales it effected within the Rule 105 restricted period and subsequent purchases of the securities in firm commitment public offerings." On June 3, 2013, the SEC announced that UBS O'Connor, LLC submitted an offer of settlement that the Commission accepted. Pursuant to the settlement, UBS O'Connor LLC consented to the entry of a cease-and-desist order and remedial sanctions against it.