DEPARTMENT OF LABOR

Employment and Training Administration

TA-W-92,392

UBS FINANCIAL SERVICES, INC.
WMA INVESTMENT ADVISORY DEPARTMENT
A WHOLLY OWNED SUBSIDIARY OF UBS AMERICAS, INC.
INCLUDING ON-SITE LEASED WORKERS FROM COGNIZANT
WEEHAWKEN, NEW JERSEY

Certification Regarding Eligibility
To Apply for Worker Adjustment Assistance

In accordance with Section 223 of the Trade Act of 1974, as
amended ("Act"), 19 U.S.C. § 2273, the Department of Labor
herein presents the results of an investigation regarding
certification of eligibility to apply for worker adjustment
assistance.
The group eligibility requirements for workers of a firm
under Section 222(a) of the Act, 19 U.S.C. § 2272(a), are
satisfied if the following criteria are met:
(1) a significant number or proportion of the
workers in such workers' firm have become totally or
partially separated, or are threatened to become
totally or partially separated;
(2)(B)(i)(I) there has been a shift by the workers'
firm to a foreign country in the production of
articles or supply of services like or directly
competitive with those produced/supplied by the
workers' firm; OR
(II) there has been an acquisition from a
foreign country by the workers' firm of
articles/services that are like or directly
competitive with those produced/supplied by
the workers' firm; AND
(ii) the shift/acquisition must have contributed
importantly to the workers' separation or
threat of separation.

The investigation was initiated in response to a petition
filed on November 4, 2016 by an other authorized representative
on behalf of workers of UBS Financial Services, Inc., WMA
Investment Advisory Department, a wholly owned subsidiary of
UBS Americas, Inc., Weehawken, New Jersey are the subject of
the investigation (herein known as UBS Financial Services,
Inc.). The worker group also includes on-site leased workers
from Cognizant. The workers' firm is engaged in activities
related to the supply of securities and commodities brokerage,
investment advisory and asset management services to serve the
investment, cash management, financial planning and borrowing
needs of individual and institutional clients. The Investment
Advisory Department provides account enrollment, funding,
distribution, and maintenance support for Wealth Management
Americas advisory managed accounts.
During the course of the investigation, information was
collected from the workers' firm and the petitioner.
Section 222(a)(1) has been met because a significant
number or proportion of the workers in such workers' firm have
become totally or partially separated, or are threatened to
become totally or partially separated.
Section 222(a)(2)(B) has been met because the workers'
firm has shifted to a foreign country the supply of a service
like or directly competitive with the service supply by the
workers which contributed importantly to worker group
separations at UBS Financial Services, Inc.
Conclusion
After careful review of the facts obtained in the
investigation, I determine that workers of UBS Financial
Services, Inc., WMA Investment Advisory Department, a wholly
owned subsidiary of UBS Americas, Inc., including on-site leased
workers from Cognizant, Weehawken, New Jersey, who are engaged
in activities related to the supply of securities and
commodities brokerage, investment advisory and asset management
services to serve the investment, cash management, financial
planning and borrowing needs of individual and institutional
clients, meet the worker group certification criteria under
Section 222(a) of the Act, 19 U.S.C. § 2272(a). In accordance
with Section 223 of the Act, 19 U.S.C. § 2273, I make the
following certification:




"All workers of UBS Financial Services, Inc., WMA
Investment Advisory Department, a wholly owned subsidiary
of UBS Americas, Inc., including on-site leased workers
from Cognizant, Weehawken, New Jersey, who became totally
or partially separated from employment on or after November
3, 2015, through two years from the date of certification,
and all workers in the group threatened with total or
partial separation from employment on the date of
certification through two years from the date of
certification, are eligible to apply for adjustment
assistance under Chapter 2 of Title II of the Trade Act of
1974, as amended."
Signed in Washington, D.C. this 12th day of December 2016.
/s/Hope D. Kinglock
______________________________
HOPE D. KINGLOCK
Certifying Officer, Office of
Trade Adjustment Assistance