FINRA Arbitration Panels Award Damages To UBS YES Claimants Two Financial Industry Regulatory Authority (FINRA) panels have ordered UBS Wealth Management (UBS) to pay investors over $1.1 million for losses they sustained from the firm’s Yield Enhancement Strategy (YES). This complex options trading strategy that promised investors stable, incremental returns…
$400K UBS YES FINRA Arbitration Awarded to Investors in Baltimore, Maryland In one of the first in-person arbitration in the last 18 months, a Financial Industry Regulatory Authority (FINRA) arbitration panel has awarded two investors $405K in their UBS Yield Enhancement Strategy claim against UBS Financial (UBS). Shepherd Smith Edwards…
Customers Were Allegedly Unsuitably Sold Complex Exchange-Traded Products UBS Financial Services (UBS) has agreed to a censure and will pay an $8M fine in the Securities and Exchange Commission’s (SEC) civil case accusing the brokerage firm of failing to properly supervise its brokers. UBS financial advisors sold complex exchange-traded products…