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UBS Financial Services, Inc.

UBS Financial Services, Inc. (CRD #8174, New York, New York) received a censure and fine of $30,000, and required to pay $2,388.58, plus interest, in restitution to public customers. According to the findings, the firm, in connection with transactions for or with a customer reported to the consolidated tape, failed to use reasonable diligence to ascertain the best inter-dealer market and failed to buy or sell in such market so that the resultant price to its customers was as favorable as possible under prevailing market conditions. The regulators also found that the firm acted as a principal for its own account and provided to its customers written notification or yield information, but failed also to provide written notification disclosing the reported trade price and the difference between the reported trade price and the price to the customer. The firm accepted the fine and censure but did not admit or deny the accusations. (NASD Case #CMS040161)

Did UBS Financial Services, Inc. manage your investments?



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