UNITEDSTATESDISTRlCT
COURT
DISTRlCTOF
NEW
JERSEYSECURlTIES
AND
EXCHANGECOMMISSION,Plaintiff,
v.
UBSFINANCIALSERVICESINC.,Defendant.
FINALJUDGMENTASTODEFENDANTUBSFINANCIALSERVICESINC.
TheSecuritiesandExchangeCommissionhavingfiledaComplaintandDefendantUBSFinancialServicesInc.havingenteredageneralappearance;consented
to
the
Court's
jurisdictionoverDefendantandthesubjectmatter
of
thisaction;consentedtoentry
of
thisFinalJudgmentwithoutadmitting
or
denyingtheallegations
of
theComplaint(exceptas
to
jurisdiction);waivedfmdings
of
factandconclusions
of
law;andwaivedanyrighttoappealfromthisFinalJudgment:
I.
ITISHEREBYORDERED,
ADmDGED,
ANDDECREEDthatDefendantandDefendant'sagents,servants,employees,attorneys,andallpersons
in
activeconcert
or
participationwiththemwhoreceiveactualnotice
of
thisFinalJudgment
by
personalservice
or
otherwisearepermanentlyrestrainedandenjoinedfromviolating,directly
or
indirectly,SectionIS(c)
of
theSecuritiesExchangeAct
of
1934(the"ExchangeAct")[15U.S.C.
§
780(c))byusinganymeans
or
instrumentality
of
interstatecommercetoeffecttransactionsin,
or
toinduce
or
Case 2:11-cv-02539-WJM -MF Document 4 Filed 05/06/11 Page 1 of 12 PageID: 42
attempt
to
inducethepurchase
or
saleof,securities
bymeans
of
amanipulative,deceptive
or
otherfraudulentdevice
or
contrivance,including:(a)anyact,practice,
or
course
of
business
which
operates
or
would
operateasafraud
or
deceit
upon
anyperson,and(b)anyuntruestatement
of
amaterialfact
and
anyomissiontostateamaterialfactnecessary
inorder
to
makethestatements
made,ir,thelight
of
the
circumstances
under
whichthey
were
made,
not
misleading,whichstatement
or
omissionismade
withknowledge
or
reasonablegrounds
to
believethatitisuntrue
or
misleading.
II.
ITIS
HEREBYFURTHER
ORDERED,
ADJUDGED,ANDDECREED
thatDefendantisliablefordisgorgement
of
$9,606,543,representing
profits
gainedasaresult
of
theconduct
alleged
in
theComplaint,togetherwithprejudgment
interest
thereon
inthe
amount
of
$5,100,637,andacivilpenalty
in
theamount
of
$32,500,000
pursuant
to
Section21(d)
of
the
Exchange
Act
[15U.S.C.§78u(d)).Defendantshall
satisfy
thisobligation
by
distributing
the
$47,207,180assetforthbelow.
By
makingthis
payment,
Defendantrelinquishesalllegalandequitableright,title,andinterestinsuchfunds,and
no
part
of
thefundsshall
be
returned
to
Defendant.Inaccordancewith
theFairFund
provisions
of
Section
308(a)
of
the
Sarbanes-Oxley
Act
of
2002,Defendantshall,within30daysafterentry
of
this
FinalJudgment
pay
anaggregateamount
of
$47,207,180intheamountsand
to
theentities
or
theirsuccessors
or
assignsidentified2
Case 2:11-cv-02539-WJM -MF Document 4 Filed 05/06/11 Page 2 of 12 PageID: 43
onAttachmentAheretoandincorporatedhereinbyreference,togetherwithanoticeidentifYingUBSFinancialServicesInc.asadefendantinthisaction;settingforththetitleandcivilactionnumber
of
thisactionandthename
of
thisCourt;andspecifYingthatpaymentismadepursuanttothisFinalJudgment.Defendantshallsimultaneouslytransmitevidence
of
receipt
of
eachsuchpaymentandnoticetotheattention
of
Elaine
C.
Greenberg,Chief,MunicipalSecuritiesandPublicPensionsUnitandAssociateRegionalDirector,SecuritiesandExchangeCommission,PhiladelphiaRegionalOffice,701MarketStreet,Suite2000,Philadelphia,
PA
19106.Regardless
of
theFairFunddistribution,amountsorderedtobepaidascivilpenaltiespursuanttothisJudgmentshallbetreatedaspenalties
paid
tothegovernmentforallpurposes,includingalltaxpurposes.Topreservethedeterrenteffect
of
thecivilpenalty,Defendantshallnot,afteroffset
or
reduction
of
anyaward
of
compensatorydamagesinanyRelatedInvestorActionbasedonDefendant'spayment
of
disgorgementinthisaction,arguethat
it
isentitledto,norshallitfurtherbenefitby,offset
or
reduction
of
such
compensatorydamagesawardbytheamount
of
anypart
of
Defendant'spayment
of
acivilpenalty
in
thisaction("PenaltyOffset").
If
thecourtinanyRelatedInvestorActiongrantssuchaPenaltyOffset,Defendantshall,within30daysafterentry
of
afinalordergrantingthePenaltyOffset,notifYtheCommission'scounselinthisactionandpaytheamount
of
thePenaltyOffsetto
the
UnitedStatesTreasury
or
toaFairFund,astheCommissiondirects.Suchapaymentshallnotbedeemedanadditionalcivilpenaltyandshallnotbedeemedtochangetheamount
of
thecivilpenaltyimposedinthisJudgment.Forpurposes
of
thisparagraph,a"RelatedInvestorAction"meansaprivatedamagesactionbroughtagainstDefendant
or
one
of
itsaffiliates
byor
on
behalf
of
one
or
moreinvestorsbasedonsubstantiallythesamefactsasallegedintheComplaintinthisaction.
3
Case 2:11-cv-02539-WJM -MF Document 4 Filed 05/06/11 Page 3 of 12 PageID: 44
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