SEC Fines UBS $8 Million for Bad Recordkeeping

UBS Securities has once again been penalized for its improper handeling of short sales. This fine from the SEC is for $8 million and a $12 million fine was imposed by FINRA less than two weeks ago.

FINRA Fines UBS $300,000

UBS Financial Services, Inc. was fined $300,000 by FINRA for failing to supervise and prevent excessive crosstrading of municipal securities between the customer accounts of one broker for a two-year period.

Reader's Comments (10)

Jose. 2017-09-21 08:37:19

Oh this is a huge amount of money to pay as fine for UBS Financial Services, I have seen about them at best essay paper as well, Bad Recordkeeping is really something each service holder should have, Hope they get to pay the prices on time.

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