
UBS AG paid $90.8 million to settle multistate charges of anticompetitive and fraudulent conduct in the municipal bond derivatives industry, which took the form of bid-rigging, submission of non-competitive courtesy bids and submission to government agencies, among others, of fraudulent certifications of compliance with U.S. Treasury regulations. This was part of a larger $160 million settlement that also included federal agencies:-ubs-ag For more info visit https://www.oag.ca.gov/news/press-releases/attorney-general-kamala-d-harris-announces-91-million-settlement-multinational