Charges Pending in UBS Payoff Case

Sources say at least one analyst at the investment firm may face charges of selling information on ratings changes before they're made public

Here's proof some still see value in brokerage-produced stock research, even after the research scandal of four years ago tarnished the image of Wall Street analysts. BusinessWeek has learned federal authorities are on the verge of busting a scheme in which at least one employee of UBS (UBS) was allegedly selling information about upcoming changes in analyst ratings on stocks to traders not affiliated with the Swiss investment firm.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.