4 Financial Stock Stories Not To Be Missed
UBS (NYSE:UBS): Current price $17.06
UBS has been fined by the Financial Services Authority for failures in the sale of the AIG Enhanced Variable Rate Fund, a move which caused exposure of UBS customers to an unacceptable risk of an unsuitable sale of the Fund. What is more, the firm also failed to deal properly with complaints from customers in regards to the sales. However, UBS has agreed to settle at an early stage, allowing it a 30 percent discount on its fine, without which the FSA would have imposed a financial penalty of £13.5 million.
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