Florida Arbitration Panel Refuses To Expunge Advisors’ Record of Options Overlay Case In December, a Financial Industry Regulatory Authority (FINRA) arbitration panel in Boca Raton, Florida awarded a UBS Wealth management client and retiree $89,675 in his UBS Yield Enhancement Strategy (YES) claim over significant losses he sustained in the…
Lincoln, Nebraska Stockbroker Named In Multiple Six-Figure Options Overlay Claims A Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded two claimants over $1M in their UBS Yield Enhancement Strategy (YES) claim against respondent UBS Financial Services (UBS). Their broker, Jason Mathew Dworak, was not a respondent in the customer…
New York Stockbroker and Investment Advisor is Accused of Misrepresentations and Unsuitability Eric Andrew Wittenberg, a managing director and private wealth advisor at UBS Group AG (UBS) in the New York metropolitan area, is being blamed by a number of the firm’s customers for investment losses they suffered after he…
Florida Financial Advisor is Named in at Least 10 FINRA Cases, Including One $25 Million Claim If you suffered losses while working with UBS Financial Services (UBS) stockbroker, Jose Manuel Cornide, Jr., you may be able to file a Financial Industry Regulatory Authority (FINRA) arbitration claim for your losses. Cornide,…
Pending Allegations Likely Involve UBS YES Strategy Frederick Maximillian Kort, a former UBS Financial (UBS) broker, is facing allegations that he made misrepresentations when making unsuitable investment recommendations to customers. According to his BrokerCheck record, there are two pending customer disputes against him, both involving an options overlay strategy. While…
Senior Investor Sues UBS Financial For Losses Caused by Yield Enhancement Strategy A Texas retiree says UBS’s Yield Enhancement Strategy (“YES”) is to blame for investment losses he suffered over a short time period at the end of 2018. According to the claim filed with the Financial Industry Regulatory Authority…
Claimants Lose Retirement Funds in Complex Options Trading Strategy A retired couple is suing UBS Financial Services (UBS) after they sustained at least $800,000 in losses from investing in the firm’s Yield Enhancement Strategy (YES). The investors contend that their UBS broker made misrepresentations and omissions when recommending this unsuitable…
Investors Claim UBS YES Strategy Was Mismarketed To Them: SEC Looking Into the Allegations If you are an investor whose UBS broker recommended that you employ the UBS YES (Yield Enhancement Strategy) and you’ve since suffered significant losses, you may have grounds for an investment fraud claim. Unfortunately, UBS and…
Coronavirus (COVID-19) Update: YES Strategy Is Vulnerable To Losses Now Markets Are Rough The World Health Organization (WHO) has just declared the coronavirus a pandemic, with the United States President Donald Trump announcing a travel ban involving more than two dozen nations. As if these health concerns weren’t bad enough,…
UBS YES Strategy Losses May Be Grounds For A Claim Our investment fraud lawyers at Shepherd Smith Edwards and Kantas (SSEK Law Firm) are continuing to offer free, no-obligation case consultations to investors that lost money in the UBS Yield Enhancement Strategy (YES). SSEK Law Firm represents clients throughout the…