Monday, July 26, 2021

UBS Financial Services Settles SEC Charges Over Exchange-Traded Products Compliance Lapses for $8M

Customers Were Allegedly Unsuitably Sold Complex Exchange-Traded Products

UBS Financial Services (UBS) has agreed to a censure and will pay an $8M fine in the Securities and Exchange Commission’s (SEC) civil case accusing the brokerage firm of failing to properly supervise its brokers.

UBS financial advisors sold complex exchange-traded products (ETPs) without fully comprehending all of the risks involved. The SEC has also ordered the firm to pay disgorgement plus interest of almost $113K. 

The post UBS Financial Services Settles SEC Charges Over Exchange-Traded Products Compliance Lapses for $8M appeared first on Investor Lawyers Blog.



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