CBDG THC Farmaceuticals Inc (PK)

A Financial Industry Regulatory Authority arbitration panel ordered UBS AG's (UBS) UBS Financial Services Inc. unit to pay $5.4 million to a former broker in a conflict related to the sale of Lehman Brothers Holdings Inc. structured notes, Reuters reported Monday.

The broker had alleged that UBS misled its brokers about Lehman's financial health, Reuters reported.

"UBS is disappointed with the panel's decision, and believes it to be legally and factually incorrect," and the firm will evaluate its options, a UBS spokesman told Reuters.

Full story at http://www.reuters.com/article/2014/04/07/ubs-ag-lehman-idUSL2N0MZ0YF20140407

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