Wednesday, June 27, 2007

UPDATE 1-Mass. regulator charges UBS in hedge fund probe

(Reuters) - William Galvin, the state's Secretary of the Commonwealth,
said the bank's Prime Services unit, which processes trades and
provides other services to hedge funds, offered office space
for less than one-half the market rate in downtown Boston.




The company also secured hard-to-get tickets for Boston Red
Sox-New York Yankee games and gave them to hedge fund managers,
according to Galvin's complaint.


Read more at Reuters.com Government Filings News

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