UBS Said To Settle CDO Case With SEC

31 Jul 2013

UBS is said to have agreed to pay less than $60 million to settle claims by the U.S. Securities and Exchange Commission that the bank misled investors in a 2007 collateralized debt obligation that faltered when housing prices dropped.

UBS is said to have agreed to pay less than $60 million to settle claims by the U.S. Securities and Exchange Commission that the bank misled investors in a 2007 collateralized debt obligation that faltered when housing prices dropped.

Click here to read the story from Bloomberg.

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