SEC fines UBS for missing points up front

The SEC ruled yesterday that UBS broke rules by failing to pass on money to investors in a synthetic CDO and fined it $50 million

TAGS: Law suits

Comment by: Anonymous. Posted 10 years ago [2013-08-08 01:14:34]

How on Earth is this possible?! Most financial crimes have some measure of subtlety. But UBS keeping the upfront amount (and ACA standing by whistling) is equivalent to the thug in the street who knocks you on your head and steals your wallet.