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Violation Tracker Individual Record

Company: UBS Financial Services Inc. of Puerto Rico
Current Parent Company: UBS
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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 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)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.