UBS Securities To Pay Over $33M In Deal With Credit Union’s Liquidating Agent

Mealey's (February 26, 2016, 12:33 PM EST) -- NEW YORK — The National Credit Union Administration Board (NCUAB) accepted a $33 million offer of judgment to settle state and federal securities law claims against UBS Securities LLC over its underwriting and sale of residential mortgage-backed securities that UBS sold to two credit unions, according to a notice of acceptance with offer of judgment filed Feb. 25 in a New York federal court (National Credit Union Administration Board v. UBS Securities LLC, No. 13-6731, S.D. N.Y.).

(Notice of acceptance with offer of judgment available. Document...
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