All posts tagged "UBS"
Bond insurer MBIA sues Wall Street banks for ‘misconduct’ as Puerto Rico debt underwriters
Among those sued are UBS, Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley, Merrill Lynch and Santander
- Posted August 8, 2019
SEC announces $26 million settlement fund for certain UBS Puerto Rico investors
Investors 'harmed' in relation to 23 non-exchange-traded, closed-end funds may file claims
- Posted March 22, 2019
Hearing set for Puerto Rico’s Employees Retirement System case
ERS bondholders are asking Judge Swain to lift the stay and grant them 'adequate protection' over potential loss of government contributions that secure payment of their bonds
- Posted June 8, 2017
FINRA Arbitration Verdict: UBS to pay $18 million
SAN JUAN – UBS Financial Services Inc. and UBS Financial Services Inc. of Puerto Rico were slammed with an $18 million FINRA arbitration verdict (Case No. 14-02464) released Monday, according to the Sonn and Erez PLC. The...
- Posted December 5, 2016
Investment funds sue Puerto Rico for payment of bonds
Seek relief from Promesa stay
- Posted September 26, 2016
US Senators Call for Investigation into Firms’ Role in Puerto Rico Debt Crisis
Massachusetts’ regulators already opened probe into various mutual funds
- Posted June 14, 2016
Finra Dismisses Aeela’s $70-Million Claim Against UBS
Aeela argued that the losses were caused by poor advice provided by UBS in managing the organization’s investment portfolio
- Posted May 23, 2016
Belgium Charges Swiss Bank UBS With Organizing Tax Evasion
BRUSSELS – A Belgian judge charged Swiss bank UBS on Friday with money laundering and “serious and organized tax evasion,” saying it directly sought clients in the country to help them skip taxes. The spokeswoman for the...
- Posted February 26, 2016
UBS Ordered to Pay $1.45M to Puerto Rico Investor in Bond Case
SAN JUAN – According to a Thursday night ruling by a Financial Industry Regulatory Authority (FINRA) arbitration panel in San Juan, UBS Financial Services and UBS Financial Services of Puerto Rico must pay at least $1.45 million...
- Posted February 19, 2016
6 Brokers Cleared of Market Rate-Rigging in UK
LONDON – A British court on Thursday cleared six brokers of trying to fix the benchmark interest rate known as Libor, the London interbank offered rate. The six men had been accused of helping convicted banker Tom...
- Posted January 28, 2016