Just days after a federal jury sided with the Securities and Exchange Commission and found former Goldman Sachs trader Fabrice Tourre liable for defrauding investors in a doomed collateralized debt obligation, UBS AG agreed Tuesday to pay $49.8 million to settle SEC allegations that it misled investors when it created a similar CDO in 2007.
via UBS Inks $50 Million Deal with SEC in CDO Case — The Litigation Daily
