瑞银(UBS)支付1950万美元对冲自己的外汇指数

汇商资讯 6年前 (2015) admin
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美国证监会:瑞银员工正在参与实践,可能在价格输入时使用V10指数已经有了负面影响
美国证券交易委员会(SEC)今天宣布,瑞士银行(UBS AG)已同意支付1950万美元,以了结指控虚假或误导性陈述了美国投资者在结构性票据与自营外汇交易策略。
瑞银同意美国证交会的指控,它误导了投资者在结构性票据的V10货币指数波动上限。监管机构声称银行错误地指出,投资依赖一个“透明”的战略吗,使用“市场价格”来计算指数的工具,而实际上未披露套期保值交易由瑞银指数价格减少了约百分之五。
“这首开先河的案件涉及的误差和遗漏的结构性票据发布的行为表明,美国证交会继续致力于打击不法行为在整个证券行业为了更好地保护投资者,”SEC主席Mary Jo White说。“关键是全球大型金融机构执行的政策和程序,以确保所有相关事实对投资者个人是有责任披露的。”
不承认或否认证交会的调查结果,瑞银同意停止从提交或导致违反任何类似违反条例的行为,支付1150万美元的追缴款和预付款,发放550万美元的追缴资金给V10投资者支付投资者的损失的总额,并支付800万美元的民事罚款。
”这个例子中表明提供真实材料用于提供和销售结构性票据的散户投资者的重要性,”SEC执法部门的主任Andrew Ceresney表示。“我们仍将专注于保护不能够保护自己的有限的信息获取或者产品的复杂性投资者,或者两者都是。
 
UBS to Pay $19.5 Million Over Hedging Own FX Index
SEC: UBS employees were engaging in practices that had or could have had a negative impact on the price inputs used to calculate the V10 index.
The Securities and Exchange Commission (SEC) has announced today that UBS AG has agreed to pay $19.5 million to settle charges that it made false or misleading statements to U.S. investors in structured notes linked to a proprietary FX trading strategy.
UBS agreed to settle the SEC’s charges that it misled investors in structured notes tied to the V10 Currency Index with Volatility Cap. The regulator claims that the bank falsely stated that the investment relied on a “transparent” strategy using “market prices” to calculate the instruments underlying the index, when in fact undisclosed hedging trades by UBS reduced the index price by about five percent.
“This first-of-its-kind case involving misstatements and omissions by a structured notes issuer shows that the SEC continues its commitment to pursue wrongdoing across the securities industry in order to better protect investors,” said SEC Chair Mary Jo White. “It is critical that large global financial institutions have and implement policies and procedures designed to ensure that all facts relevant to investors are made known to individuals responsible for disclosures.”
Without admitting or denying the SEC’s findings, UBS agreed to cease and desist from committing or causing any similar future violations, to pay disgorgement and prejudgment interest of $11.5 million, to distribute $5.5 million of the disgorgement funds to V10 investors to cover the total amount of investor losses, and to pay a civil monetary penalty of $8 million.
“This case demonstrates the importance of being truthful in offering materials to be used in the offer and sale of structured notes to retail investors,” said Andrew Ceresney, Director of the SEC’s Division of Enforcement. “We will remain focused on protecting investors who are not in a position to protect themselves by virtue of their limited access to information, the complexity of the product, or both.”
 

 
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版权声明:admin 发表于 2015年10月24日 下午 9:44。
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