Defendant Name:
UBS Financial Services Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
33-10433-s
Document Details
Legal Case Name
In the Matter of UBS Financial Services Inc.
Document Name
SEC Charges UBS in Connection with Mutual Fund Sales to Retirement and Charitable Accounts
Document Date
27-Oct-2017
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
According to an release issued on October 27, 2017: "the SEC announced that UBS Financial Services Inc. (UBS), a registered broker-dealer and investment adviser located in New York,New York,agreed to settle charges that it failed to provide certain retail retirement and charitable brokerage accounts with sales charge waivers and/or lower fee share classes when selling certain mutual funds."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Other Compliance Related Undertaking
Monetary Penalties:
Civil Penalty
Individual:
$3,500,000.00
Shared: