Robert Wayne Pearce, P.A. is investigating and representing investors nationwide that were sold investments in UBS Financial Services Yield Enhancement Strategy (YES) program. UBS offered the high-risk YES program to customers whose net worth was at least $5 million. UBS financial advisers across the United States presented the YES program as a safe way to earn additional income by using existing assets at UBS as collateral. UBS further represented to its clients that the YES program had “excellent risk metrics” and would allow its clients to increase returns, while reducing risk. Unfortunately, many UBS brokers failed to adequately understand and/or disclose the risks associated with this high-risk investment program.
It also appears the UBS YES program was mismanaged. UBS presented its YES program as using a “market neutral” options strategy, which means that it is not a directional wager that the price of the underlying asset will increase or decrease in value. The strategy instead seeks to profit from a relative lack of volatility in the price of the underlying asset. Contrary to UBS’ presentation of the YES program, we believe the YES managers actively engaged in market timing and took directional positions on the market and suffered significant losses as a result. We believe the UBS YES program was, in fact, an aggressive options strategy. Consequently, YES posed a significant risk for investment portfolios, especially those that were over-concentrated in these securities.
Investors in UBS YES sustained significant losses in December 2018 and during the first few months of 2019. We have represented over 100 investors in various disputes against UBS. You can read about a former client for whom we recovered millions of dollars in a dispute against UBS here. We understand that the way UBS does business has always been for its benefit, not its customers’. The representations and mismanagement of the YES program by UBS are remarkably similar to the way Citigroup misrepresented and mismanaged the MAT/ASTA structured products for the 100+ clients we represented and for whom we recovered millions of dollars. Please call us for a free consultation at 1-800-SEC-ATTY (732-2889) and let us help you recover your investment losses in the UBS Yield Enhancement Strategy (YES).
Have you suffered losses in the UBS YES program? Did your financial advisor misrepresent the YES program? You may be able to recoup those investment losses. Mr. Pearce has over 40 years of experience with investment disputes. Call 1-800-SEC-ATTY (1-800-732-2889) for a free consultation or email Mr. Pearce now at pearce@rwpearce.com and get your questions answered regarding your UBS YES investment.
The most important of investors’ rights is the right to be informed! This Investors’ Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 40 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors’ rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.
Robert Wayne Pearce
Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $125 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.
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