"This utterly unacceptable escalation of the conflict could lead to a devastating loss of civilian life and a humanitarian disaster, " he said.

BBC: Middle East

"This case highlights a conflict of interest that arose between UBS and its customers and the devastating effect that such conflict had on those customers, " says the complaint by William Galvin, Massachusetts's top securities regulator, who has targeted Wall Street for alleged misdeeds in the credit crisis.

FORBES: Another Legal Headache For UBS