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DKR Files FINRA Arbitration Claims to Recover UBS ‘YES ‘ Yield Enhancement Strategy Losses

Dimond Kaplan & Rothstein, P.A. has filed additional FINRA arbitration claims against UBS Financial Services, Inc. to recover more than $1 million lost in the UBS Yield Enhancement Strategy or the UBS “YES” options program.

The claims allege that UBS misrepresented the risks of the UBS Yield Enhancement Strategy or YES options program and failure to adequately supervise the UBS YES options program. DKR represents numerous UBS YES investors and seeks to hold UBS accountable for investors’ losses.

UBS YES Yield Enhancement Strategy Exposed Investors to Great Risk

The UBS YES program is a complex options strategy that UBS recommended to high-net-worth investors as a low-risk, incremental income strategy. It has been reported that investors devoted $5 billion to $6 billion dollars to UBS’s YES program and that UBS charged an annual fee of up to 1.75%, If accurate, UBS’s YES program generated approximately $100 million in annual fees.

Notwithstanding that UBS marketed YES as low-risk, the strategy actually exposed investors to significant risk. Options can be very risky, but some brokerage firms claim to combine various options in a way that will protect investors from losses. UBS represented that its YES program would combine puts and calls on the S&P 500 Index to safely generate income. A central aspect of UBS’s marketing was that the options strategy would provide investors with downside protection. But YES investors did not get the safe income strategy that they were promised.

When the securities markets experienced significant volatility in December 2018, YES investors suffered very large losses in amounts that were far greater than they were led to believe were possible. UBS has blamed investors’ losses on the December 2018 market volatility. But UBS’s marketing materials for YES claimed that UBS devised the strategy to “prepare for unexpectedly volatile market conditions.” As such, it appears that UBS’s excuse is nothing more than an after-the-fact attempt to avoid taking responsibility for investors’ losses.

UBS YES Investors Can Pursue Recovery of Their Losses Through FINRA Arbitration

UBS Yield Enhancement Strategy or UBS YES investors can file FINRA arbitration claims in an effort to recover their YES losses. If you lost money in the UBS Yield Enhancement Strategy you should contact an experienced FINRA arbitration lawyer to discuss the process.

Speak with an Investment Fraud Attorney Today

Dimond Kaplan & Rothstein, P.A. has vast experience representing investors who have lost money in complex options strategies. We currently represent numerous UBS YES investors with claims against UBS for investments lost as a result of the UBS Yield Enhancement Strategy and we will aggressively pursue your YES investment-loss claim.

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.

Contact Dimond Kaplan & Rothstein Now

Contact an investment fraud attorney at Dimond Kaplan & Rothstein, P.A. for a FREE case evaluation.

Our offices are located in Miami, Los AngelesNew YorkDetroit, West Palm Beach, and Naples, and we represent clients nationwide.