October 05, 2022 BY Steffy Bogdanova
UBS Securities fined $2.5 million by FINRA
If the firm fails to close out a failure to deliver, it is prohibited from accepting additional short sale orders in the security without first borrowing or arranging to borrow the security. According to FINRA, between 2009 and 2018, UBS failed to close in time around 5,300 for failure to deliver positions. Additionally, more than…
Read more