UBS unit pays $300,000 to settle SEC charges

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.

Tags : sec securities and exchange commission ubs
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