Defendant Name:
UBS Securities LLC
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
UBS AG
SIC Code:
6021
CUSIP:
H8923133
Document Reference:
34-65733
Document Details
Legal Case Name
In the Matter of UBS Securities LLC
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
10-Nov-2011
Document Format
Administrative Proceeding
Allegation Type
Market Manipulation
Document Summary
On November 10, 2011, the SEC instituted settled administrative and cease-and-desist proceedings against UBS Securities LLC. According to the SEC: "These proceedings arise out of practices engaged in by the securities lending desk of UBS Securities LLC ('UBS') in providing and recording 'locates' to its customers to enable the customers to execute short sales."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Compliance Related Independent Consultant
Various undertakings
Monetary Penalties:
Civil Penalty
Individual:
$8,000,000.00
Shared: