Violation Tracker Individual Record

Company: 
UBS Financial Services
Current Parent Company: 
UBS
Penalty: 
$677,000
Year: 
2011
Date: 
June 9, 2011
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

UBS agreed to pay a $450,000 penalty and costs of $227,000 in settlement of allegations it failed to supervise the suitability of Funds it invested for the Indiana State Teachers Association Insurance Trust.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Indiana Securities Division
Civil or Criminal Case: 
civil
Case ID: 
11-0042 CO
Facility State: 
Indiana
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.