Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Coronavirus Causes Continued Losses For UBS Yes Investors: How To Recover Losses

The coronavirus pandemic has led to an unprecedented situation in this country. We have dealt with, and are still going through, an unimaginable health crisis. The country’s economy has also taken a sharp hit as millions of Americans have filed for unemployment, and businesses in every state continue to suffer. Unfortunately, many investors have also faced major losses over the last few months. One thing has become very clear – that some investors have suffered losses due to the negligent or willful wrongdoing of investment advisors and stockbrokers. Those who were recommended high-fee, high-risk strategies like UBS Yield Enhancement Strategy (YES) have likely sustained significant losses and just the matter of a few weeks.

What Is a UBS Yield Enhancement Strategy (UBS YES)?

Without getting too technical, a UBS YES investment strategy is a form of investing where “call” and “put” option spreads on the S&P 500 Index (SPX) are traded on a certain strategy (Iron Condor Strategy) to enhance returns when markets are relatively stable or flat. Many investors were pitched UBS YES-type investment strategies by their investment advisors as being low-risk or neutral investment options. Unfortunately, these strategies have left them open to substantial losses in light of the recent economic crash.

Why Are UBS Yes Invest Strategies Risky During COVID-19?

While most investors having incurred some losses over the last few months, those who made investments based on fraudulent or deceptive recommendations have faced the steepest declines in their portfolios. Many investors who have been led into UBS YES investment strategies they suffered losses of as much as 30% or more since the beginning of the COVID-19 crisis. As the S&P 500 has dropped from an all-time high of above 3,200 to below 2,500, the UBS YES strategy has likely yielded steep losses. In addition to these losses, the underlying bond and stock portfolio that collateralize a UBS YES strategy have also likely deteriorated significantly.

What Is the Financial Industry Regulatory Agency (FINRA)?

The Financial Industry Regulatory Agency (FINRA) is a non-profit organization under the supervision of the Securities and Exchange Commission (SEC). FINRA works to ensure fairness. Investment advisors, stockbrokers, and the financial institutions that employ them have a duty to make suitable recommendations to investors and to fully disclose risks associated with every recommendation they make. If these individuals and institutions fail to do so, they could be held liable for damages and losses that their investors incur. An experienced FINRA arbitration lawyer can help with this.

Recovering Investment Losses Due to UBS YES

If you or a loved one have suffered losses after being advised to invest in UBS YES, you need to seek legal assistance as soon as possible. At Meyer Wilson we want to help you recover damages is through Financial Industry Regulatory Agency (FINRA) arbitration or a class action lawsuit. We firmly believe that financial institutions, investment advisors, and stockbrokers should be held accountable for making unsuitable recommendations, failing to disclose certain risks to investors, and overconcentrating their clients’ portfolios. Our team will thoroughly analyze the UBS YES investment strategy that you were advised to take. You can contact us by calling (614) 532-4576 or contact us online to speak confidentially with an attorney today.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram