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UBS in $19.5 million settlement over structured notes

Case marks SEC’s first involving misstatements and omissions by an issuer of structured notes

UBS in $19.5 million settlement over structured notes

UBS agreed to pay $19.5 million to settle charges from the US Securities and Exchange Commission that it provided false or misleading information in materials related to structured debt securities.

The case is the agency's first involving misstatements and omissions by an issuer of structured notes, a complex financial product that typically consists of a debt security with a derivative tied to the performance of other securities, commodities, currencies, or proprietary indexes.

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