FINRA has fined UBS Securities LLC (UBS) $2.5m for violating Regulation SHO (Reg SHO) and supervisory failures during a nine-year period.
FINRA found that from 2009 to 2018, UBS failed to close out approximately 5,300 failure-to-deliver positions in a timely manner, and routed or executed over 73,000 short sales in
Some of UBS’s violations