Ethical Issue at UBS
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This paper discusses the auction-rate security scandal at UBS, identifying the ethical issues presented and others that may not have been discussed in the article by David Ellis.
From the Paper:"In his article for CNN Money.com, "UBS hit with New York auction-rate security suit", David Ellis describes the auction-rate security scandal involving the Swiss banking giant, UBS. Ellis describes how UBS sold auction-rate securities to investors under false pretenses, assuring them that the securities would be liquid and then-when investors tried to sell them-telling them that the investments were long-term investments instead. The article explains how New York State Attorney General Cuomo is bringing a nationwide lawsuit against UBS to recover the money..."
Cite this Term Paper:
Ethical Issue at UBS (2008, December 01) Retrieved April 21, 2021, from https://www.academon.com/term-paper/ethical-issue-at-ubs-125408/
"Ethical Issue at UBS" 01 December 2008. Web. 21 April. 2021. <https://www.academon.com/term-paper/ethical-issue-at-ubs-125408/>