The Financial Industry Regulatory Authority (FINRA) announced that it has fined UBS Financial Services, Inc., $2.5 million, and required UBS to pay $8.25 million in restitution to certain investors for its misconduct regarding Lehman Brothers 100% Principal-Protection Notes (PPNs) sold by UBS. UBS’s misconduct includes misleading investors about: (1) the principal protection feature, (2) the risk that they could lose their entire investment, (3) the worsening credit risk of Lehman, (4) inadequate supervisory procedures, and (5) failure to educate its sales force about the risks and how the PPNs work.