Email loses UBS $10m

first_img Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp KCS-content Tags: NULL Sharecenter_img Thursday 11 November 2010 8:43 pm A UBS banker has allegedly lost the bank more than $10m (£6.2m) in fees, after he sent an email detailing General Motor’s (GM) upcoming float to over a 100 of the firm’s clients.The alleged leak was disclosed in papers filed by GM with the US regulator the Securities and Exchange Commission (SEC).GM’s filing warned that the email, which contravened SEC rules governing IPOs, meant that investors who bought GM stock could seek refunds or damages because of the leak if UBS had remained an underwriter on the deal.“We had no knowledge of the e-mail until after it was sent, and the e-mail does not reflect our views,” GM said in the filing.UBS, which is led by chief executive Oswald Grübel, would have earned an estimated $10m in fees in the $13bn share sale. UBS declined to comment yesterday. whatsapp Email loses UBS $10m by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorylast_img

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