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Colo. settles with UBS over misconduct allegations

Colorado is part of a $90.8 million multi-state settlement with UBS over allegations that the bank engaged in anti-competitive conduct in the municipal bonds deritive industry. The settlement is one component of a coordinated law enforcement and regulatory action involving the U.S. Department of Justice, the Securities and Exchange Commission and the Internal Revenue Service.… Continue Reading Colo. settles with UBS over misconduct allegations

The Colorado Division of Securities recently settled its ninth auction rate securities case since the recession hit in 2008. The latest settlement is with UBS Securities LLC and UBS Financial Services Inc. UBS agreed to buy back in excess of $456 million worth of auction rate securities from retail Colorado investors who found themselves unable… Continue Reading Securities division settles ninth auction rate case

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