Defendant Name:
UBS AG
Defendant Type:
Public Company
Document Reference:
2015-238
Document Details
Legal Case Name
In the Matter of UBS AG
Document Name
UBS to Pay $19.5 Million Settlement Involving Notes Linked to Currency Index; Case is Agency's First Against an Issuer of Retail Structured Notes
Document Date
13-Oct-2015
Document Format
Administrative Proceeding
Allegation Type
Securities Offering
Document Summary
On October 13, 2015, the SEC announced that, "UBS AG has agreed to pay $19.5 million to settle charges that it made false or misleading statements and omissions in offering materials provided to U.S. investors in structured notes linked to a proprietary foreign exchange trading strategy. The case is the agency's first involving misstatements and omissions by an issuer of structured notes, a complex financial product that typically consists of a debt security with a derivative tied to the performance of other securities, commodities, currencies, or proprietary indices."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Cooperation Before the Resolution
Remedial Acts or Efforts Before the Resolution