Violation Tracker Individual Record

Company: 
UBS Financial Services Inc.
Current Parent Company: 
UBS
Penalty: 
$4,600,000
Year: 
2013
Date: 
September 19, 2013
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

UBS agreed to pay $4.6 million to settle multistate litigation alleging it failed to make sure that its client service associates were licensed and in compliance with state regulations.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Multistate Financial Regulators Case
Civil or Criminal Case: 
civil
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.