GREY:IPHAF - Post by User
Comment by
go4futureon Jan 17, 2009 1:40pm
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Post# 15711328
RE: RE: RE: RE: RE: Corelation between UBS and Aug
RE: RE: RE: RE: RE: Corelation between UBS and AugUBS has been under siege from a number of fronts since mid 2008 until now, heavily involved with Sub-Prime mortgages, lots of lawsuits regarding falsely selling securities, trouble with IRS for 19,000 US client accounts evading US taxes, received billions from Swiss Government for financial support. The recent article below also mentions that UBS has been exiting various businesses in various areas including US and Canada. So bottom line, not really surprised of the selling based this news. I have seen UBS sell/buy minimum lots on other stocks as well, so not unique to ISA.
https://www.ubs.com/1/e/about/news.html?newsId=160011