(July 1, 2022, 1:32 PM EDT) -- WASHINGTON, D.C. — UBS Financial Services Inc. will pay nearly $25 million to settle claims that it violated federal securities laws by failing to properly train and provide “supervisory oversight” of its financial advisers after launching a new options overlay strategy that was ultimately hit with losses as a result of volatile market conditions, according to a cease-and-desist order filed by the Securities and Exchange Commission on June 29....