UBS accused of auction-rate fraud

New Hampshire securities regulators accused a division of UBS of urging New Hampshire's main student lender to continue plunging into the auction-rate-securities market although the Swiss bank knew that market was failing.

The complaint represents a new aspect of the auction-rate meltdown: focusing on the damage done to issuers of these securities.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump