Criminal charges were filed Thursday against a former financial adviser at UBS Financial Services who the Securities and Exchange Commission charged with siphoning $3.3 million from investors to pay for luxury cars, prostitutes and gambling debts.

The criminal action was taken by the U.S. Attorney’s Office for the Northern District of California against Steven T. Kobayashi, who worked at a UBS office in Walnut Creek, Calif., and resigned from the firm in September 2009.

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