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
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 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.