May 20, 2016
UBS AG, UBS Securities LLC and UBS Bank (Canada) (collectively “UBS”) entered into a formal settlement agreement whereby UBS agreed to pay CAD$4,950,000. The settlement is a compromise of disputed claims and UBS does not admit any wrongdoing or liability. The settlement agreement must be approved by the courts for its terms to become effective. Please click here to view a copy of the settlement agreement.