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UBS Securities LLC and UBS Financial Services, Inc. Agree in Principle to Auction Rate Securities Settlement

August 8, 2008 at 9:08 pm · Filed under SEC

The Securities and Exchange Commission’s Division of Enforcement today announced a preliminary settlement in principle with UBS Securities LLC and UBS Financial Services, Inc. (collectively, UBS) including proposed charges and a plan that would restore approximately $22 billion in liquidity to its customers who invested in auction rate securities (ARS).

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