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UBS to pay $14m to resolve dark pool case

Penalty is US regulator's largest against an alternative trading system

UBS to pay $14m to resolve dark pool case

UBS has agreed to pay $14.4 million to settle Securities and Exchange Commission charges related to its US dark pool trading operations, the agency’s largest ever penalty against an alternative trading system.

The Swiss bank, which is among the largest dark-pool operators in the US by volume of trades, previously disclosed that the Securities and Exchange Commission, the Financial Industry Regulatory Authority and the New York attorney general were all probing its operations.

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