UBS Bond Traders Depart Amid Treasury Securities Probe

Law360, New York (November 3, 2006, 12:00 AM EST) -- As Swiss bank UBS AG faces scrutiny by federal regulators over alleged improper manipulation of Treasury securities prices, two senior bond traders are set to leave the company’s trading desk.

The news came on the heels of the company’s announcement on Monday that it is cooperating with an investigation by the U.S. Securities and Exchange Commission into whether it was involved in improper manipulation of Treasury securities prices, without giving any further details of the probe.

The two traders—who were based in a Stamford, Conn. office...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.