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Articles Posted in margin loan losses

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Chinese Tycoon Sues UBS for $500M Over Losses Involving Margin Loan

High Net Worth Individual Investor Alleges That UBS Group AG Persuaded Him To Buy On Margin  Guo Wengui, a rich Chinese businessman exiled in New York, has filed a lawsuit against UBS Financial Group after losing $500M.  Wengui contends that the bank pressured him into borrowing funds to invest in…

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