Bloomberg News

UBS Fined $12 Million by Finra Over Regulation SHO Violations

October 25, 2011

Oct. 25 (Bloomberg) -- UBS Securities LLC will pay $12 million to resolve claims that the firm violated Regulation SHO and failed to properly supervise short sales of securities, the Financial Industry Regulatory Authority said in a statement today.

To contact the reporter on this story: Gregory Mott in Washington at gmott1@bloomberg.net

To contact the editor responsible for this story: Lawrence Roberts at lroberts13@bloomberg.net


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