DKR Files FINRA Arbitration Claim to Recover UBS Yield Enhancement Strategy Losses
Dimond Kaplan & Rothstein, P.A. (DKR) has filed a FINRA arbitration claim against UBS Financial Services, Inc. on behalf of investors who lost money in UBS’s so-called “Yield Enhancement Strategy” or the “YES” program. UBS recommended its YES program to DKR’s retired, low-risk clients who were looking for conservative income. Specifically, UBS represented the YES program as an options strategy that would be a safe way to obtain incremental income to supplement the investors’ retirement income. But the strategy actually was risky and complex and subjected YES investors to significant risk of loss.
UBS Strategy Exposed Investors to Great Risk
Options are generally considered to be risky securities that can cause significant investment losses. Some brokerage firms claim that they can devise a low-risk strategy using combinations of options. Here, UBS represented to investors that its Yield Enhancement Strategy involved buying and selling puts and calls on the S&P 500 Index to safely generate income for YES investors. UBS also represented that the neutral combination of options would provide investors with downside protection. But the YES program was fraught with risk as a result of a lack of the promised downside protection. In short, YES investors did not get the safe, incremental-income options strategy that they were told they were getting.
When the securities markets experienced significant volatility in December 2018, YES investors experienced significant and unexpected losses.
Investors May Have a Claim for UBS Yield Enhancement Strategy Loss
We believe that UBS YES investors may be able to recover their losses through a FINRA arbitration claim. If you lost money in the UBS Yield Enhancement Strategy you should seek the advice of a lawyer who has experience representing investors in investment fraud and broker negligence cases to discuss their rights.
Speak with an Investment Fraud Attorney
Dimond Kaplan & Rothstein, P.A. has vast experience representing investors who have lost money in complex options strategies. We will aggressively pursue claims against UBS to recover your Yield Enhancement Strategy investment losses.
If you are looking for an investment fraud attorney to review your rights and options, the investment fraud lawyers at Dimond Kaplan & Rothstein, P.A. represent individual and institutional investors who have lost money as a result of investment fraud or stockbroker misconduct. We have recovered more than $100 million in assets lost to investment fraud and stockbroker misconduct.