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FINRA fines UBS Financial Services for supervisory failings

Image of the UBS logo on a display stand.
Photo: Emanuele Cremaschi/Getty Images

Julie DiMauro

3 min read
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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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