UBS To Buy Back $1.5B In ARS To Settle NJ Claims
By Dietrich Knauth ( February 8, 2011, 7:28 PM EST) -- Two UBS AG subsidiaries will repurchase $1.5 billion in auction rate securities sold to New Jersey clients and pay a $3.79 million fine to settle allegations that their securities dealers sold ARS without disclosing known market risks....
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