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UBS paying $50M to settle SEC charges on bond sale

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WASHINGTON (AP) — Switzerland's biggest bank, UBS, has agreed to pay about $50 million to settle federal civil charges of misleading investors in its sale of risky mortgage bonds ahead of the 2008 financial crisis. The Securities and Exchange Commission announced the settlement Tuesday with UBS Securities, the Swiss bank's investment arm. The SEC said the bank failed to disclose that it had...

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