Legal
SFC fines UBS for regulatory breaches
The Securities and Futures Commission has reprimanded and fined UBS AG and UBS Securities Asia Limited (UBSSAL) (collectively, UBS) $9.8 million and $1.75 million respectively over various regulatory breaches (Notes 1 & 2). A number of issues concerning UBS’s systems and controls were brought to the SFC’s attention between September…
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