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UBS to take remedial steps after Australia regulator inquiry
Parvez Jabri
22 Dec, 2015
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Copyright Reuters, 2015
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![](https://i.brecorder.com/images/2015/12/ubs01-600.jpg">SYDNEY: UBS Securities, part of global investment bank UBS AG, will take remedial steps at its Australian research house, the corporate regulator said on Tuesday, following an investigation into its control and compliance practices.</P><P>The investigation was triggered by allegations that UBS, who was advising the partial sale of an electricity network in the country's biggest ever privatisation, removed negative parts of a supposedly independent analyst report after the state's government ordered it to do so.</P><P>The Australian Securities & Investment Commission (ASIC) said UBS acknowledged its concerns and will take )
