Defendant Name:
UBS AG
Defendant Type:
Public Company
Document Reference:
2009-29
Document Details
Legal Case Name
SEC v. UBS AG
Document Name
UBS Agrees to Pay $200 Million to Settle SEC Charges for Violating Registration Requirements
Document Date
18-Feb-2009
Document Format
Civil Proceeding
Case Number
09-cv-00316
Federal District Court
District of Columbia, District of Columbia
Allegation Type
Broker Dealer
Document Summary
The SEC stated that:"[It] filed an enforcement action against UBS AG, charging the firm with acting as an unregistered broker-dealer and investment adviser. The SEC's complaint . . . alleges that UBS's conduct facilitated the ability of certain U.S.
clients to maintain undisclosed accounts in Switzerland and other foreign
countries, which enabled those clients to avoid paying taxes related to the
assets in those accounts. UBS agreed to settle the SEC's charges by
consenting to the issuance of a final judgment that permanently enjoins
UBS and orders it to disgorge $200 million."
Disgorgement & Penalty Information
Resolutions
Enjoinment
Compliance Related Independent Consultant
Other Compliance Related Undertaking
Monetary Penalties:
Disgorgement
Individual:
$200,000,000.00
Shared: