Tag Archives: Alternative Investments

UBS Financial Fined for Failure to Supervise Alternative Investments

UBS Financial was censured, fined $7,500,000.00, and ordered to pay restitution to 165 customers in the amount of $10,978,402.00 after the firm consented to Financial Industry Regulatory Authority (FINRA) findings that it failed to establish and maintain a supervisory system and procedures reasonably designed to ensure suitability of transactions in closed end funds. Acceptance, Waiver, […]

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