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Haselkorn & Thibaut, P.A., a law firm specializing in handling investment loss recovery cases has started an investigation of the sales practices related to UBS Yield Enhancement Strategies (“YES”). YES strategies were sold by UBS, Credit Suisse, Morgan Stanley and Merrill Lynch, and others as investment opportunities to provide additional income in this historic low-interest rate environment. Of the firms mentioned above, UBS is getting the latest scrutiny, and the subject of investor-initiated FINRA Arbitration claims.
Jason Haselhorn, a partner with Haselkorn & Thibaut, P.A., a law firm representing investors, and a former defense lawyer who has represented UBS and Merrill Lynch, said “the potential claims against UBS and these other massive broker-dealer firms are nothing really new and these matters seem analogous to the structured product cases I used to defend, particularly following Lehman Brother’s bankruptcy in September 2015. There are eerily just too many similarities to ignore.”
The focus of the investigation is the the sales practice with the recommendation of high risk Yes program to individual investors seeking conservative investments. Investors who have lost money in “yield enhancement Strategies” may be eligible for monetary compensation. Confidential case review, investors should call 888-628-5590 or go to investmentfraudlawyers.com.
The last quarter of 2018 was a roller coaster ride due to the volatile markets. However, UBS (as well as others), continued to recommend the YES Strategy as a safe investment, when in fact, it wasn’t. In fact, the YES strategy employed very risky strategies, which weren’t sufficiently revealed to individual retail investors. UBS’ YES Strategy employs the use of options, which can be complicated and unsuitable investments in and of themselves. However, the YES strategy goes over and beyond the simple use of alternatives and utilizes a four-pronged alternative strategy called the “iron condor.”
The iron condor options investment plan involves writing a series of options contracts, typically once or around the exact same time period. For more details describing the inner workings of the iron condor, see Haselkorn & Thibaut, P.A. blog post: “Did UBS Yield Enhancement Strategy Cause Unnecessary Losses On Your Investment Portfolio?”
If you are an investor with information about any suspected Sales practices relating to Yield Enhancement Strategies at UBS or any other firm, or if you have suffered losses between YES strategies, please contact Haselkorn & Thibaut, P.A., 359 S. County Rd., Suite 101, Palm Beach, FL. 33480 (888-628-5590 or investmentfraudlawyers.com) To get a no-cost consultation. Haselkorn & Thibaut, P.A. handle instances nationwide.
https://investmentfraudlawyers.com/ubs-yield-enhancement-strategy/
Release ID: 160974