Violation Tracker Individual Record

Company: 
UBS AG
Current Parent Company: 
UBS
Penalty: 
$325,000
Year: 
2016
Date: 
August 29, 2016
Offense Group: 
competition-related offenses
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

Four financial firms agreed to pay a total of $1.3 million to West Virginia to settle allegations they engaged in bid-rigging in the municipal securities market. The announcement did not specify how much each company would pay. Here we assume the total was divided equally among the four companies.

Level of Government: 
state
Action Type: 
agency action
Agency: 
West Virginia Attorney General
Civil or Criminal Case: 
civil
Facility State: 
West Virginia
HQ Country of Parent: 
Switzerland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking & securities
Source of Data: 

4 financial groups settle $1.3M West Virginia antitrust case, Associated Press State & Local, August 29, 2016 (via Nexis).

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.