New Hampshire securities regulators have accused UBS Financial Services, Inc. of unfair sales practices and failing to supervise its brokers who sold Lehman Brothers structured products, including so-called “principal protected” notes. The New Hampshire Bureau of Securities Regulation says that UBS misled investors when it represented that the Lehman Brothers products were safe during a time when Lehman faced massive exposure to securities tied to the imploding real estate market. UBS also is accused of failing to disclose Lehman’s troubles. New Hampshire regulators stated that “UBS presented these notes as simple, safe investments when in fact they are highly volatile and are subject to shifting market conditions.” New Hampshire regulators also stated that they believe that “[t]he methods by which UBS offered and sold the Lehman Brothers structured products to its clients constituted dishonest and unethical business practices.”