Violation Tracker Individual Record
Company:
UBS Financial Services Inc. of Puerto Rico
Current Parent Company:
UBS
Penalty:
$26,600,000
Year:
2012
Date:
May 1, 2012
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
The Securities and Exchange Commission announced a settlement with UBS Financial Services Inc. of Puerto Rico and two executives concerning allegations of making misleading statements to investors, concealing a liquidity crisis, and masking control of the secondary market for 23 proprietary closed-end mutual funds.
Level of Government:
federal
Action Type:
agency action
Agency:
Securities and Exchange Commission
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 of Data:
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.
