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Violation Tracker Individual Record

Company: UBS
Current Parent CompanyUBS
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $445,000,000
Year: 2017
Date: May 1, 2017
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Violation Description: The National Credit Union Administration, on behalf of U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, received $445 million from UBS for claims arising from losses related to purchases of residential mortgage-backed securities by those corporate credit unions.
Level of Government: federal
Action Type: agency action
Agency: National Credit Union Administration
Civil or Criminal Case: civil
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data(click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.