UBS fined $11.2m for deceptive practices by advisors

Submitted By:  Staff Reporter Case Study:  No They did not inform the clients of higher spread or improved interbank price of bonds. The Monetary Authority of Singapore (MAS) imposed a $11.2m fine on UBS after its client advisors’ deceived customers on the prices of transactions for over-the-counter (OTC) bonds and structured products. UBS admitted liability for its client advisors’ actions and has paid the civil penalty, the financial authority said in a press release. read more