Tag: UBS Financial Services

UBS To Pay $25 Million To Settle SEC Fraud Charges

SEC Ben -
The U.S. Securities and Exchange Commission (SEC) announced that UBS Financial Services Inc. has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as YES, or Yield Enhancement Strategy. According to the SEC’s order, UBS marketed and sold YES to approximately 600 investors through its platform of domestic financial advisors from Feb 2016 through Feb 2017 but failed to adequately educate them.