Law360, New York (November 05, 2009) -- The chief U.K. financial regulator has slapped UBS AG with a fine of £8 million ($13.2 million) for failing to keep employees from carrying out unauthorized foreign exchange and precious metals transactions with customers’ money.
The fine, the third-largest ever levied by the agency, came in response to systems and controls failures that enabled four employees to carry out unauthorized transactions involving customer money on...
