Finra fines UBS $12 million for failing to adequately supervise short sales


The US Financial Industry Regulatory Authority (Finra) has fined UBS Securities $12 million for failings in its supervision of short sales of securities between 2005 and 2010.

Finra said on October 25 that UBS had allowed millions of short sales to go ahead without checking that the underlying securities could be borrowed and delivered. It also wrongly marked millions of short sales in its trading systems as being long. These failures "impacted UBS's technology, operations, and supervisory

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

If you already have an account, please sign in here.


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: