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Mass. Hits UBS With Fraud Suit.
- Source :
- Bond Buyer; 6/27/2008, Vol. 364 Issue 32908, p1-6, 2p
- Publication Year :
- 2008
-
Abstract
- The article reports on the securities fraud charges filed by Secretary of State William Galvin against UBS Securities LLC and UBS Financial Services for selling retail investors auction-rate paper in Massachusetts. According to Galvin, both companies sold auction rate paper to retail investors as liquid, safe, money-market instruments even though the defendants knew it was not. A hearings officers within the department's securities division will hear the five-count administrative complaint.
- Subjects :
- SECURITIES fraud
ACTIONS & defenses (Law)
Subjects
Details
- Language :
- English
- ISSN :
- 07320469
- Volume :
- 364
- Issue :
- 32908
- Database :
- Complementary Index
- Journal :
- Bond Buyer
- Publication Type :
- Periodical
- Accession number :
- 33061124