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UBS execs knew of rule violations

Chairman Peter Kurer and others knew as early as 2006 that some bankers may have broken U.S. securities laws.

UBS AG chairman Peter Kurer and other senior executives at Switzerland’s largest bank were aware that some of their bankers may have broken U.S. securities laws at least a year before a probe began, according to a May 2006 letter.

The letter, written by Mr. Kurer, who was then the Zurich-b

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