Violation Tracker Individual Record

Company: 
UBS Global Asset Management
Current Parent Company: 
UBS
Penalty: 
$300,000
Year: 
2012
Date: 
January 17, 2012
Primary Offense: 
investor protection violation
Violation Description: 

The Securities and Exchange Commission announced that an investment advisory arm of UBS settled allegations of failing to properly price securities in three mutual funds that it managed, resulting in a misstatement to investors of the net asset values of those 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.