UBS to Pay $14.4 Million Fine for Violations in U.S. 'Dark Pool'

(Reuters) - U.S. securities regulators said on Thursday a unit of UBS AG (UBSN.S) agreed to pay more than $14.4 million (9.5 million pounds) to settle charges over disclosure violations and other regulatory failures related to the operation of the bank's private U.S. trading platform, or "dark pool."

UBS Securities LLC, which did not admit or deny any wrongdoing as part of the settlement, failed to properly disclose the existence of an order type that it pitched almost exclusively to market makers and high-frequency firms, the U.S. Securities and Exchange Commission said in a release.


(Reporting by John McCrank; Editing by Chris Reese)

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.