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UBS's 'Hurricane Insurance' Blasted Portfolios, SEC Says. The Bank Is Paying.

[ad_1] Text dimension UBS began promoting its Sure application in 2016. Higher than, a branch of the lender in Geneva. Jose Cendon/Bloomberg Federal regulators charged UBS Group with defrauding financial commitment advisory clientele with a disastrous trading technique that was promoted as “hurricane insurance” for portfolios but rather dropped 18% […]