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Violation Tracker UK Individual Case

Company: UBS AG
Current Parent CompanyUBS
Parent at the Time of the Penalty Announcement: UBS
Penalty: £29,700,000
Year: 2012
Date: 26 November, 2012
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: UBS paid a £29.7 million fine in settlement of a finding by the FSA that the company failed to prevent large scale unauthorised trading, after a trader was convicted of fraud with $2.3 billion of losses in Global Synthetic Equities trading.
Action Type: agency action
Settlement Type: settlement of FSA Decision
Agency: Financial Services Authority
HQ Country of Parent: Switzerland
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking & securities
Source of Data(click here)