Furgison Law Group is taking cases against UBS related to the UBS Yield Enhancement Strategy (YES)

The securities fraud lawyers at Furgison Law Group are currently investigating claims against UBS Financial Services, Inc. (“UBS”). The arbitration attorneys at Furgison Law Group are investigating claims of fraud, breach of fiduciary duty, failure to supervise, misrepresentations, omissions of material facts, conflict of interests, violations of state and federal securities laws, along with other broker misconduct. The claims relate to the sale of the UBS Yield Enhancement Strategy (“YES”).

Many Investors Have Already Filed FINRA Claims Regarding UBS YES Investments 

Other investors have alleged that beginning in 2016, UBS marketed its YES options strategy to high-net-worth investors as a way to generate a modest amount of income with minimal risk of loss. This marketing pitch appealed to conservative investors who could obtain a slight increase in income than otherwise was available in the recent low-interest-rate environment. But YES actually was a risky, complex options strategy that exposed investors to significant risk of loss.

UBS claimed that its YES program involved buying and selling combinations of puts and calls on the S&P 500 Index in a way that would limit the risk of loss. UBS touted its YES strategy as non-directional and involving “downside protection” as a central feature. Notwithstanding UBS’s representations, other investors allege that YES made “directional” bets on the stock market and exposed YES investors to far more risk of loss than investors were led to believe. It is estimated, YES investors have lost up to 33% of their investment in YES, with total YES investor losses of approximately $1 billion.

Investors Have the Right to Recover Their Losses

When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm or an unlicensed salesperson and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. Securities law then dictates that you can hold the firm legally liable to recover your damages.

Can I recover my investment losses?

If you lost money as a result of the UBS YES option strategy, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.