UBS Securities Fined Again

UBS Securities entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) in which the firm was fined $100,000 and censured for Trade Reporting and Compliance Engine (TRACE) reporting violations. UBS, as managing underwriter, allegedly failed to report new issue offerings in TRACE-eligible Corporate Debt Securities to FINRA according to the time frames set forth by FINRA. It also allegedly failed to report to TRACE the correct time of execution for 80 transactions during a quarterly review period. We bring claims against UBS for transgressions such as these. If you would like to bring a claim against UBS, please call us at 312-332-4200 to speak to an attorney for free.

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