CFTC Sanctions UBS AG $500,000 For Failing To Retain Certain Required Audio Recordings
<p><span>The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against </span><span>UBS AG, </span><span>a provisionally registered swap dealer, for failing to retain certain audio recordings for the time required under CFTC regulations. The order finds that as a result of failures in UBS’s audio retention systems, the firm deleted over 1,000 hours of audio data after one day, including voice recording files that were required by CFTC regulations to be retained ...
Source: mondovisione.com