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Investigations

UBS Yield Enhancement Strategy Investor Represented by Goldman Scarlato & Penny Securities Lawyers File Claims Seeking Compensation for Losses

The Goldman Scarlato & Penny investor rights lawyers have filed a claim in arbitration on behalf of a UBS YES investor who lost money invested in the UBS Yield Enhancement trading program. The claim was filed against multi-national brokerage firm UBS.

The securities attorneys at Goldman Scarlato & Penny are preparing additional arbitration claims on behalf of other UBS Yield Enhancement Strategy (“YES”) investors and plan to file those claims for compensation on the investors’ behalves.  

UBS YES investors may contact Goldman Scarlato & Penny attorney Alan Rosca for a free, no-obligation evaluation of their loss recovery options at rosca@lawgsp.com or toll-free at 888-998-0530.

UBS advertised its “YES” program as an option-based trading strategy that sought to increase returns for investors who committed a certain minimum amount of their portfolio (called a “Mandate”) to the YES program. The investors were often shown a presentation, or “slide deck,” which purported to describe YES program. UBS YES investors have started seeing losses in their portfolios in December 2018, and those losses have continued to increase even as many investors started expressing serious concerns about the direction of their portfolios and the trading strategy.

The claim filed by the Goldman Scarlato & Penny securities lawyers on behalf of the UBS YES investor seeks compensation for the investor’s losses in view of the trading strategy and risk disclosures surrounding the YES program. The claim focuses on important issues, including (1) whether the UBS Yield Enhancement Strategy fully and adequately disclosed to investors important and major risks associated with the YES program; (2) whether the YES program was suitable for those investors’ investment profile; (3) whether some investors’ portfolios may have been overly-concentrated in the YES program; and (4) whether the actual trading strategy was consistent with the advertised strategy in the YES presentations and brochures.

Goldman Scarlato & Penny has launched a website with updates for UBS YES investors, at https://yieldenhancementlosses.com/. Investors who believe they lost money invested in UBS’ Yield Enhancement Strategy may contact attorney Alan Rosca or his colleagues, Paul Scarlato or Doug Bench, for a free, no-obligation evaluation of their recovery options, at 888-998-0530 or via email at rosca@lawgsp.com.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent updates regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases. Also, the brokercheck report linked to some of our blogs is the up-to-date version as of the date of posting. Visitors may check the most recent version of each brokercheck report at www.finra.org.

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