UBS Financial Services Inc. is on the hook to pay $2.2 million in the largest settlement to date related to Lehman Brothers-associated investment products it once sold.
The new Dec. 20 ruling from the Financial Industry Regulatory Authority follows a spate of litigation for UBS in recent years in connection with the Lehman Brothers-associated structured investment products. Those included principal protected notes, or a group of securities marketed as having a capped return in exchange for curbing potential effects of market volatility.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access