Violation Tracker Individual Record

Company: 
UBS AG
Current Parent Company: 
UBS
Penalty: 
$160,000,000
Year: 
2011
Date: 
May 4, 2011
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

UBS AG entered into an agreement with the Department of Justice to resolve anticompetitive activity in the municipal bond investments market and has agreed to pay a total of $160 million in restitution, penalties and disgorgement to federal and state agencies.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Antitrust Division
Civil or Criminal Case: 
civil and criminal
Prosecution Agreement: 
non-prosecution agreement
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.