NY-AG v. UBS

UBS allegedly was involved in the packaging, marketing, sale, and issuance of residential mortgage-backed securities (RMBS) to investors leading up to the financial crisis. According to NY-AG, UBS sold investors RMBS backed by mortgage loans based on inaccurate statements in prospectus supplements and/or investor presentations for the RMBS. Many of the mortgage loans did not comply with underwriting guidelines or applicable laws and regulations, among other defects.

Summary generated from official New York Attorney General press release