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FILE- In this Dec. 17, 2008 file photo, the Securities and Exchange Commission (SEC) headquarters in Washington is shown. (AP Photo/File) FILE- In this Dec. 17, 2008 file photo, the Securities and Exchange Commission (SEC) headquarters in Washington is shown. (AP Photo/File)  

UBS unit pays $300,000 to settle SEC charges

Photo of Kells Hetherington
Kells Hetherington
Contributor

(Reuters) – An investment advisory arm of Swiss bank UBS will pay $300,000 to settle charges that it misled investors through incorrect pricing of securities in three of its mutual funds, U.S. securities regulators said on Tuesday.

The Securities and Exchange Commission’s administrative action against UBS Global Asset Management came on the heels of a referral from SEC examiners who were conducting a routine inspection of the firm.

Full story: UBS unit pays $300,000 to settle SEC charges | Reuters.