Violation Tracker Individual Record
Company:
UBS Securities LLC and UBS Financial Services, Inc.
Current Parent Company:
UBS
Penalty:
$11,150,000,000
Year:
2008
Date:
August 8, 2008
Offense Group:
financial offenses
Primary Offense:
investor protection violation
Violation Description:
UBS agreed to buy back $11 billion in securities and pay $150 million in penalties as part of the resolution of multistate litigation alleging it misled customers in the marketing and sale of auction rate securities.
Level of Government:
state
Action Type:
agency action
Agency:
Multistate Attorneys General Case
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.
