UBS sued for alleged ARS fraud

UBS executives sold $21 million of personal auction rate securities (ARSs) holdings just days before the market ground to a halt, while continuing to market the securities to unwitting consumers, a New York State lawsuit has alleged.
Attorney-general Andrew Cuomo has filed suit against the Swiss bank at the Supreme Court of New York, seeking $25 billion in restitution for UBS customers caught holding the illiquid paper once the investment bank stopped supporting the ARS market in its role as an

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here