As Vice-Chairman of UBS's Americas operations, Hensarling's role will focus on building and strengthening client relationships.
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Citi, Goldman, UBS to Pay $235M in RMBS Settlement
According to the class-action lawsuit, which was originally filed in September 2008, the underwriters made "material misstatements and omissions of material facts" in the offering documents, which was in violation of the Securities Act.
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