Defendant Name:
UBS Financial Services Inc.
Defendant Type:
Subsidiary of Public Company
Document Reference:
2022-117
Document Details
Legal Case Name
In the Matter of UBS Financial Services inc.
Document Name
UBS to Pay $25 Million to Settle SEC Fraud Charges Involving Complex Options Trading Strategy
Document Date
29-Jun-2022
Document Format
Administrative Proceeding
Allegation Type
Investment Advisers/Investment Companies
Document Summary
The "announced that UBS Financial Services Inc. has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
The SEC stated that payment of disgorgement and pre-judgment amounts "is deemed satisfied by payments made to investors in related arbitration proceedings."
Fair Funds
Monetary Penalties:
Disgorgement
Individual:
$5,800,000.00
Shared:
Civil Penalty
Individual:
$17,400,000.00
Shared:
Pre-Judgment Interest
Individual:
$1,400,000.00
Shared: