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Violation Tracker Individual Record

Company: UBS Securities
Current Parent CompanyUBS
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $50,000,000
Year: 2013
Date: August 6, 2013
Offense Group: financial offenses
Primary Offense: toxic securities abuses
Violation Description: The Securities and Exchange Commission announced a settlement of allegations that UBS Securities violated securities laws while structuring and marketing a collateralized debt obligation by failing to disclose that it retained millions of dollars in upfront cash it received in the course of acquiring collateral for the CDO.
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.