Defendant Name:
UBS Financial Services Inc.
Defendant Type:
Subsidiary of Public Company
Public Company Parent:
UBS Group AG
SIC Code:
6021
CUSIP:
H4209710
Document Reference:
34-95368
Document Details
Legal Case Name
In the Matter of UBS Financial Services Inc.
Document Name
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
Document Date
27-Jul-2022
Document Format
Administrative Proceeding
Allegation Type
Broker Dealer
Document Summary
On July 27, 2022, the SEC instituted settled administrative and cease-and-desist proceedings against UBS Financial Services Inc., stating: "These proceedings arise out of UBS’s failure to adequately develop and implement a
written Identity Theft Prevention Program as required by Rule 201 of Regulation S-ID."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Censured
Remedial Acts or Efforts Before the Resolution
Monetary Penalties:
Civil Penalty
Individual:
$925,000.00
Shared:
