The case against the Swiss bank is the agency's latest effort to play tough with investment firms it alleges have not been straight with investors.
June 30, 2022 at 10:26 AM
2 minute read
Swiss investment bank UBS Financial Services agreed to pay $25 million to settle fraud charges levied by the U.S. Securities and Exchange Commission.
The SEC said the case stems from a complex UBS investment strategy called YES, or Yield Enhancement Strategy. The SEC alleged UBS didn’t sufficiently train its financial advisers on it, and failed to inform investors of the full scope of its risk.
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