Current Fraud Investigations
SIM Swap Schemes
Oppenheimer Horizon Private Equity Ponzi Scheme
FINRA Claims Against Stock Trading App Robinhood
UBS Yield Enhancement Strategy Losses
National investor advocate law firm Dimond Kaplan & Rothstein, P.A. (DKR) continues to pursue FINRA arbitration claims against UBS Financial Services, Inc. (UBS) on behalf of investors who lost money in the UBS Yield Enhancement Strategy (YES) options strategy. UBS YES was inaccurately marketed as a low-risk options investment strategy to investors that has resulted in losses for many investors throughout the United States. As of this writing, YES investors have lost up to 33% since market volatility increased in December 2018 and continuing through March 2020. Total YES investor losses are expected be more than $1 billion. YES investors can file FINRA arbitration claims to recover their losses.
GPB Capital Holdings Causes Investor Losses
DKR is investigating a number of brokerage firms that recommended customers invest in GPB Capital Holdings’ high-risk, high-commission private placements. The investments, including two of GPB’s funds — GPB Automotive Portfolio and GPB Holdings II, have caused many investors to lose a significant amount of money after a series of events including the failure of GPB Capital Holdings to file required SEC reports in April 2018. Securities regulators have launched investigations into GPB Capital Holdings and brokerage firms’ sales of GPB’s private placements. GPB reportedly relied on numerous FINRA brokerage firms including Royal Alliance Associates, Sagepoint Financial and Woodbury Financial Services, to sell its funds. In exchange, the brokerages received high commissions. Investors who suffer losses from GPB Capital Holdings may have valid claims to recover those losses from the brokerage firms that sold the investments.
UBS Puerto Rico Bond Fund Losses
DKR represents more than 100 Puerto Rico residents who have lost a significant amount of money in UBS Puerto Rico closed-end bond funds. UBS PR recommended over-concentrated positions in the UBS PR funds and even recommended that some investors borrow money to buy these risky, leveraged funds or use the risky UBS PR funds as collateral for loans. Investors who suffered UBS Puerto Rico bond fund losses may be able to recover their losses through a FINRA arbitration proceeding. Please contact Dimond Kaplan & Rothstein, P.A. attorney Jeffrey B. Kaplan at (888) 578-6255.