Ex-UBS Strategist Accuses Firm Of Retaliatory Firing

Law360, New York (August 2, 2012, 11:19 PM EDT) -- A former commercial mortgage-backed securities strategist on Thursday accused a UBS AG unit of firing him in retaliation for telling his supervisors he was being pressured to produce false and misleading reports.

In a complaint filed in the Southern District of New York, former securities strategist Trevor Murray said UBS Securities LLC violated the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act, both of which protect whistleblowers from retaliation for reporting what they believe to be illegal practices.

"Plaintiff ... reasonably believed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.