Hong Kong regulator probes UBS's role as sponsor of certain IPOs

By Denny Thomas and Michelle Price
HONG KONG (Reuters) – Swiss bank UBS said Hong Kong’s securities regulator is investigating its role as sponsor of certain unnamed stock market listings in the city, with the intention to start unspecified action against the bank and some of its employees.
The disclosure by UBS, released with its third-quarter financial results, made it the first major bank to say it was being probed since Hong Kong’s Securities and Futures Commission (SFC) i