UBS has suspended David Shulman, its U.S. fixed income unit head and global head of municipal securities, according to published reports.

The suspension comes as state and federal investigations have heated up their investigations into sales and marketing practices related to auction-rat securities by UBS and other Wall Street firms. Shulman ran the auction-rate securities business at UBS.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.