FINRA fines UBS Financial Services for supervisory failings

FINRA says UBS failed to establish and maintain a sufficiently strong supervisory system.

UBS Financial Services Inc submitted a letter of acceptance, waiver, and consent to FINRA for the purpose of proposing a settlement of alleged rule violations over supervisory failings, agreeing to a censure and an $850,000 fine.

From approximately 1997 to 2021, a registered representative of UBS participated in private securities transactions

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