
UBS agreed to pay $75 million to a group of states and another $75 million to New York State to resolve allegations that it failed to properly warn investors about the risks of auction-rate securities. The settlement was also announced by the New York Attorney General; For more info visit https://www.nasaa.org/2198/securities-regulators-announce-settlement-with-ubs-in-auction-rate-securities-investigation/?qoid=ars