XETRA - XETRA Delayed Price. Currency in USD
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- Reuters•2 hours ago
UBS Group AG (UBSG.S) has agreed to pay more than $15 million to settle U.S. Securities and Exchange Commission charges that its failure to properly train brokers led to customers buying hundreds of millions of dollars of unsuitable securities. The SEC said on Wednesday that UBS from 2011 to 2014 sold about $548 million of "reverse convertible notes," derivatives tied to individual stocks, to more than 8,700 retail customers who were relatively inexperienced and unsophisticated. "UBS dropped the ball," SEC enforcement chief Andrew Ceresney said in a statement.
- Bloomberg•3 hours ago
Deutsche Bank AG isn’t the only lender wrestling with the U.S. to resolve an investigation into toxic mortgage bonds: Credit Suisse Group AG and Barclays Plc are also each in settlement talks with the ...
- 24/7 Wall St.•4 hours ago
The SEC just announced that UBS Financial Services has agreed to pay over $15 million to settle charges regarding a failure to adequately educate and train its sales force.