New Hampshire Student-Loan Agency Wins $20-Million in Settlement

The New Hampshire Higher Education Loan Corporation will receive $20-million in a settlement with UBS Securities, LLC, the New Hampshire Union Leader reported. The New Hampshire Bureau of Securities Regulation, which won the settlement, had accused the international banking firm of defrauding the state student-loan agency by encouraging it to issue bonds backed by auction-rate securities and failing to warn the agency when it knew the market for the bonds was on the verge of collapse.