UBS traders fined for improper handling of investor's money

Jun 2, 2010

An investigation in Hong Kong fines two executive directors over 'wash' trades stemming from a client's decision to lighten a margin call.

Hong Kong's Securities and Futures Commission has reprimanded and fined three UBS employees over mishandling of a client's trade order. The action follows a related temporary suspension of the licence of a Morgan Stanley employee handed down last year.

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