AABP EP Awards 728x90

UBS to pay $160 million after SEC charges

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The Securities and Exchange Commission (SEC) charged UBS Financial Services Inc. with fraudulently rigging at least 100 municipal bond reinvestment transactions in 36 states. UBS has agreed to pay $47.2 million that will be returned to the affected municipalities and $113 million to settle parallel cases brought by other federal and state authorities.