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UBS Hit With $5M Suit Over 'Ticking Time Bomb' Funds

By Kurt Orzeck (May 6, 2014, 10:22 PM EDT) -- UBS AG was slapped with a $5 million class action in New York federal court Monday for allegedly swaying older investors in Puerto Rico into mutual funds that lost billions of dollars and drained most of their retirement savings, so it could reap fees and commissions....

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