The SEC charged UBS Financial Services Inc. of Puerto Rico with making misrepresentations and omissions of material facts to numerous retail customers in Puerto Rico regarding the secondary market liquidity and pricing of UBS PR-affiliated, non-exchange-traded closed-end funds. Pursuant to the settlement, UBS Puerto Rico agreed to pay $26.6 million. See the settlement here.
SEC Settles Charges Against UBS (Puerto Rico) for Misleading Investors
May 5, 2012 By
