A UBS YES investor represented by securities lawyer Alan Rosca and his colleagues at the Goldman Scarlato & Penny law firm has filed claims in arbitration, seeking compensation for losses suffered as a result of an investment 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 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 or his colleagues, Paul Scarlato and Doug Bench, for a free, no-obligation evaluation of their loss recovery options at rosca@lawgsp.com or toll-free at 888-998-0530.

UBS YES investors received marketing materials that described the “YES” program as an option-based trading strategy which sought to increase returns for investors who committed a certain minimum amount of their portfolio (called a “Mandate”) to the YES program. Prospective YES investors were often shown a presentation, or “slide deck,” which purported to describe YES program’s option trading.

The UBS YES investor represented by the Goldman Scarlato & Penny alleged in the recently-filed case that the marketing materials he received were materially incomplete and omitted important disclosures regarding the YES trading program. Those disclosures pertained, among others, to the actual risks surrounding the program and the trading strategy employed by the YES program.

UBS YES investors have started seeing losses in their portfolios in December 2018, and those losses have continued to increase earlier this year, 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.

Attorney Alan Rosca and his colleagues are in touch with other UBS YES investors and are preparing additional cases on their behalf. Investors from across the country have contacted the Goldman Scarlato & Penny to discuss about their YES losses and potential recovery options. While the minimum mandate required to participate in the UBS program was $2 million, investors come from all walks of life and have various personal and professional backgrounds.

The Goldman Scarlato & Penny are also continuing to investigate this matter and assemble useful information. Their investigation is focused on issues including those surrounding the trading in the Yield Enhancement Strategy program; the risk disclosures; the risk controls employed by UBS; the oversight of UBS’ compliance department over the YES program and the trading in the program; and certain disclosures of past performance surrounding the YES program and any predecessor programs. Individuals with knowledge of such matters as set forth above are encouraged to contact attorneys Alan Rosca or Paul Scarlato, in confidence, to provide information and/or further discuss.

Investors who are concerned about their YES portfolio may contact investor rights lawyers Alan Rosca, 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. Attorney Alan Rosca, who is also an adjunct professor of securities regulation, has represented thousands of investors across the country and around the world, who lost money as a result of investment-related misconduct, in cases ranging from class actions to arbitrations.

The Goldman Scarlato & Penny lawyers take most cases on a contingency fee, do not require any money down, advance the case expenses, and only get paid for their work and case expenses if and when they recover money for their clients.  No fees or costs are charged if there is no recovery.

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