Violation Tracker Individual Record

Company: 
UBS Financial Services, Inc.
Current Parent Company: 
UBS
Penalty: 
$697,210
Year: 
2007
Date: 
December 3, 2007
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Secondary Offense: 
financial institution supervision failures
Violation Description: 

UBS agreed to pay $247,680 in restitution, $135,946 in disgorgement of commissions, $75,000 in civil penalties, $8,584 in costs and $230,000 to the Investor Education and Protection Fund in settlement of allegations it failed to adequately supervise two agents who were alleged to have dishonestly promoted unsuitable investments to customers.

Level of Government: 
state
Action Type: 
agency action
Agency: 
Missouri Secretary of State-Securities
Civil or Criminal Case: 
civil
Facility State: 
Missouri
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.