rogue trader

  • UBS charged by SEC, pays $8 million

    One would think there’s a giant, bronze statue of Eliot Ness standing in the middle of the Enforcement Division of the Securities and Exchange Commission with their dogged pursuit of wrongdoers these days.

  • UBS shareholders may not file securities fraud lawsuits

    Last week, UBS announced that a rogue trader caused it to lose more than $2 billion from unauthorized trades. Today, Reuters reports that UBS shareholders have yet to file any class action lawsuits against the Swiss bank.

  • Rogue UBS trader causes $2 billion loss

    This morning, Switzerland-based UBS announced that a rogue trader caused it to lose more than $2 billion from unauthorized trades. As a result, the bank may report a loss for the entire third quarter.

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