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Violation Tracker Individual Record

Company: UBS Securities LLC
Current Parent Company: UBS
Penalty: $78,333,333
Year: 2015
Date: July 31, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: toxic securities abuses
Mega-Scandal: Toxic Securities
Violation Description: Citigroup, Goldman Sachs and UBS together agreed to pay $235 million to settle litigation alleging they misled institutional investors about the quality of mortgage-backed securities for which they were serving as underwriters. Court documents do not indicate how much each would pay. Here we assume they each paid one-third of the total.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:08cv8781
Case Name: New Jersey Carpenters Health Fund v. RALI Series 2006-QO1 Trust et al
Private Lawsuit Resolution Type: settlement
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)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.