描述
FINRA censured and fined UBS Financial Services Inc. $2 Million for the firm's repeated failures in timely addressing municipal short positions and in inaccurately representing the tax status of thousands of interest payments to customers. FINRA also required UBS to pay restitution to customers who may have incurred any increased state tax liabilities, to pay the IRS to relieve customers of any additional federal income tax owed, and to certify within 90 days that the firm has taken appropriate corrective measures. For more info visit https://www.finra.org/media-center/newsreleases/2019/finra-fines-ubs-financial-services-inc-2-million-continued-failures