All Entries in the "UBS" Category
Administrative Actions against UBS Securities Japan
The Securities and Exchange Surveillance Commission (SESC) conducted an inspection on UBS Securities Japan Ltd (hereinafter referred to as the “Company”), and found a violation of the Financial Instruments and Exchange Act (hereinafter referred to as the “FIEA”). On December 9, 2011, the SESC recommended to take administrative action against the Company. On the basis [...]
Japan FSA Recommends for Administrative Action Against UBS
Contents of the Recommendation Pursuant to Article 20, paragraph 1 of the Act for Establishment of the Financial Services Agency (FSA), today, on December 9, 2011, the Securities and Exchange Surveillance Commission issued a recommendation that the Prime Minister and the Commissioner of the FSA take administrative action and any other appropriate measures against UBS [...]
UBS Joins Chi-X Global Ownership Consortium
UBS AG has acquired an equity stake in Chi-X Global Holdings LLC and will join the consortium of five financial institutions that recently bought a minority stake in the firm, Chi-X Global announced December 5. The group that UBS joins comprises BofA Merrill Lynch, GETCO LLC, Goldman Sachs, Morgan Stanley, and Quantlab Group LP. Instinet [...]
UBS to Clear OTC Traded Financials on Singapore Exchange
Singapore Exchange (SGX) welcomes UBS AG to AsiaClear as a new SGX Bank Clearing Member for the clearing of over-the-counter (OTC) traded financial derivatives. Mr Muthukrishnan Ramaswami, President of Singapore Exchange, said, “We look forward to UBS’ participation in our clearing service for OTC traded financial derivatives in addition to their presence in our securities [...]
Thailand SEC Files Complaint Against Former UBS Securities Executive
The SEC has filed a criminal complaint with the Department of Special Investigation against Numkrit Jeraputtiruk, former executive of UBS Securities (Thailand) Limited (UBS), for taking unlawful gains for himself or others at the expense of UBS’s clients. The complaint also alleged six other persons for aiding and abetting Numkrit’s commission of misconduct, namely (1) [...]
HK SFC Reprimands and Fines Three UBS Employees $1.8 million
The Securities and Futures Commission (SFC) has publicly reprimanded Mr Frank Hu, Ms Peony Ng and Ms Jenny Chang Pui Chun of UBS AG Hong Kong (UBS) and fined them $800,000, $600,000 and $400,000 respectively, for negligence in handling a client’s trade orders (Note 1). An SFC investigation found that Hu, Ng, and Chang, were [...]
