As part of its settlement with the Financial Industry Regulatory Authority (FINRA), UBS Financial Services agreed to pay a $100,000 fine.。

From July 18, 2016, to July 23, 2021, the Company failed to include the Non-Trading Compensation (NTBC) metric in 91,059 reports of municipal securities transactions with clients that did not include mark-ups, markdowns, or commissions.。All these transactions take place in non-managed accounts。

The company mistakenly excluded the NTBC indicator for all transactions in non-managed accounts when designing the logic of the electronic system for trade reporting。Company corrects reporting logic in July 2021。

From July 18, 2016 to December 15, 2023, the company's regulatory systems, including written regulatory procedures, were not properly designed to ensure compliance with the reporting requirements of the Real-Time Transaction Reporting System (RTRS), as the company lacked any regulatory review or written procedures related to NTBC metrics.。

In December 2023, the company took steps to strengthen its systems and procedures to pass and implement quarterly supervisory reviews to accurately report NTBC metrics。Therefore, the defendant violated MSRB Rule G-27.。

In addition to the $100,000 fine, the company agreed to accept a reprimand.。