UBS Unit Covered By SOX, Lawyer Argues

Law360, New York (September 2, 2008, 12:00 AM EDT) -- The lawyer for a former employee of a UBS unit who blew the whistle on the company for alleged auction rate securities fraud has argued to the U.S. Department of Labor that the subsidiary is subject to the Sarbanes-Oxley Act of 2002, as its parent company is publicly traded and a self-described “integrated employer.”

Whistleblower Timothy J. Flynn, a former senior vice president at UBS Financial Services Inc., claims his employer retaliated against him after he testified to the Massachusetts attorney general and implicated the company...
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