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Two UBS advisory firms settle charges with SEC

Sec Building

The Securities and Exchange Commission has announced that two UBS advisory firms have agreed to settle charges arising from their roles in failing to disclose a change in investment strategy by UBS Willow Fund LLC, a closed-end fund they advised.



Courtroom Gavel

Jury reaches verdict on one Barclays trader in libor case

The jury in the trial of five former Barclays traders over Libor-rigging allegations said they’ve reached a decision on one of the defendants, and were told by the judge that he would accept a non-unanimous verdict on the rest after the panel said they’d reached an impasse.