Defendant Name:
UBS Financial Services Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
2021-130
Document Details
Legal Case Name
In the Matter of UBS Financial Services Inc.
Document Name
UBS Settles Charges Related to Investments in Complex Exchange-Traded Product
Document Date
19-Jul-2021
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
The SEC stated that: "[It] filed a settled action against UBS Financial Services Inc. for compliance failures relating to sales of a volatility linked exchange-traded product (ETP)."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Monetary Penalties:
Disgorgement
Individual:
$112,274.00
Shared:
Civil Penalty
Individual:
$8,000,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)