UBS to Pay $50 Million to SEC to Settle Mortgage Bond-Related Charges

Accused of misleading investors

UBS AG agreed to pay $49.8 million to settle U.S. Securities and Exchange Commission charges it misled investors about a risky mortgage bond transaction that soured during the financial crisis, the regulator said on Tuesday.

The payment resolves a probe into a collateralized debt obligation (CDO) that the Swiss bank created in the middle of 2007, and which the SEC said caused $130 million of losses for outside investors when it was liquidated the following June.

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