{"id":29549,"date":"2023-08-30T22:09:47","date_gmt":"2023-08-31T03:09:47","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=29549"},"modified":"2023-08-30T22:09:47","modified_gmt":"2023-08-31T03:09:47","slug":"investment-loss-recovery-law-firm","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investment-loss-recovery-law-firm\/","title":{"rendered":"Investment Loss Recovery Law Firm"},"content":{"rendered":"<p><strong>UBS To Pay Over $1.4B For Selling Mortgage-Backed Securities<\/strong><\/p>\n<p><strong>Broker-Dealer Held Accountable For Allegedly Negligent Sales Practices<\/strong><\/p>\n<p>The US Department of Justice announced that\u00a0<a href=\"https:\/\/www.investorlawyers.com\/ubs-ag-and-entities.html\">UBS AG<\/a>\u00a0consented to pay $1.435B in penalties to settle claims accusing the financial firm of making misrepresentations when it sold\u00a0<a href=\"https:\/\/www.investorlawyers.com\/what-are-derivative-securities-mbs-cmos.html\">residential mortgage-backed securities (RMBS)<\/a>\u00a0in 2006 and 2007. This was the last case that a\u00a0Department of Justice Working Group\u00a0filed against entities that created and issued RMBS ahead of the 2008 economic crisis. The federal government contends that UBS committed fraud when selling 40 RMBS, including making purportedly misleading statements about the mortgage loans underlying the securities to buyers.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/investment-loss-recovery-law-firm\/\"  title=\"Continue Reading Investment Loss Recovery Law Firm\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>UBS To Pay Over $1.4B For Selling Mortgage-Backed Securities Broker-Dealer Held Accountable For Allegedly Negligent Sales Practices The US Department of Justice announced that\u00a0UBS AG\u00a0consented to pay $1.435B in penalties to settle claims accusing the financial firm of making misrepresentations when it sold\u00a0residential mortgage-backed securities (RMBS)\u00a0in 2006 and 2007. This was the last case that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":29551,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1],"tags":[4949],"class_list":["post-29549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-investment-loss-recovery-law-firm"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investment Loss Recovery Law Firm<\/title>\n<meta name=\"description\" content=\"Investment Loss Recovery Law Firm\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/investment-loss-recovery-law-firm\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Investment Loss Recovery Law Firm\" \/>\n<meta name=\"twitter:description\" content=\"Investment Loss Recovery Law Firm\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2023\/08\/Investment-Loss-Recovery-Law-Firm.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investment Loss Recovery Law Firm","description":"Investment Loss Recovery Law Firm","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/investment-loss-recovery-law-firm\/","twitter_card":"summary_large_image","twitter_title":"Investment Loss Recovery Law Firm","twitter_description":"Investment Loss Recovery Law Firm","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2023\/08\/Investment-Loss-Recovery-Law-Firm.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/investment-loss-recovery-law-firm\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investment-loss-recovery-law-firm\/"},"author":{"name":"Shepherd Smith Edwards &amp; 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