Defendant Name: UBS Securities LLC

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

Document Reference: 33-9438

Document Details

Legal Case Name In the Matter of UBS Securities LLC
Document Name 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
Document Date 06-Aug-2013
Document Format Administrative Proceeding
File Number 3-15407
Allegation Type Investment Advisers/Investment Companies
Document Summary 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...."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Censured
Monetary Penalties:

Disgorgement

Individual:     $34,408,185.00 Shared:    

Civil Penalty

Individual:     $5,655,000.00 Shared:    

Pre-Judgment Interest

Individual:     $9,719,002.24 Shared:    

Related Documents:

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."