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Financial Broker Sonia Attkiss Investigated in Billion-Dollar Investor Dispute

Did You Suffer Financial Losses After Investing with Sonia Attkiss of UBS Financial Services?

Sonia Attkiss, a registered broker with UBS Financial Services, Inc. is facing multiple allegations of wrongdoing. The broker is accused of making unsuitable recommendations and misrepresentations regarding the UBS Yield Enhancement Strategy (YES). The YES strategy was a speculative, high-risk investment that resulted in significant losses to investors nationwide.

If you or a loved one sustained losses after investing with Sonia Attkiss in the UBS Yield Enhancement Strategy, contact our office for a free consultation. At Meyer Wilson, we have recovered hundreds of millions of dollars on behalf of victims of investment fraud and stockbroker misconduct. Call our office today at (614) 532-4576 to discuss your legal options. 

Pending Customer Disputes Against Sonia Attkiss

Sonia Attkiss (CRD#: 2936806) is the subject of multiple customer disputes. According to her BrokerCheck report, they all have come during her 6-year employment with UBS Financial Services, Inc. Almost all of the allegations involve damages exceeding six figures. 

The pending customer disputes all allege that Attkiss engaged in misrepresentation and unsuitability in recommending investment in a risky options overlay strategy. In some cases, affected customers are requesting damages of $1 million or more. 

UBS Yield Enhancement Strategy

In March 2020, the Financial Industry Regulatory Authority (FINRA) issued an arbitration award to a customer who had sustained losses after investing in UBS’s Yield Enhancement Strategy. The customer alleged that Attkiss engaged in fraud, misrepresentation, unsuitability, breach of fiduciary duty, negligence, and breach of contract when recommending and selling the highly speculative options strategy product. 

A putative class action has been filed on behalf of investors who suffered losses in the complex YES strategy. The lawsuit states that UBS failed to accurately disclose the risks associated with the product and its expected performance. Additionally, the class action alleges that certain conflicts of interest were not disclosed. Damages have been requested in the amount of $1,200,000,000.

What to Do If You Suffered Losses After Investing in the YES Strategy

If you invested in the UBS Yield Enhancement Strategy and sustained losses, you might be entitled to compensation through a lawsuit or FINRA arbitration. It is important to consult with an experienced investment fraud attorney as soon as possible to determine your options. It is essential to act quickly, as you only have a limited amount of time to file a claim for damages.

Contact Our Office for a Free Consultation

Did you lose money after investing with Sonia Attkiss or the UBS YES Strategy? Contact our office at (614) 532-4576 for more information. We might be able to help you recover losses related to the investment in the Yield Enhancement Strategy. Get a free, no-obligation consultation 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 .

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