Broker Fraud Lawyer

Investor Seeks Up $1M In Damages Over UBS YES Losses. Our Broker Fraud Lawyer Are Representing This Claimant and Others Against UBS Financial Services

The Shepherd Smith Edwards and Kantas Broker Fraud Lawyer Team ( is representing another investor in their UBS Yield Enhancement Strategy (YES) loss lawsuit against UBS Financial Services. The claimant, an inexperienced New Jersey investor, is suing for up to $1M in damages. Unfortunately, she is just one of many who have suffered significant losses in the brokerage firm’s internally managed, high-risk options trading strategy.

Touted by UBS brokers as a way for investors to obtain marginally higher yields on existing portfolios while taking limited risks, the UBS YES program has caused serious losses for many of the firm’s wealthy clients. Its “iron condor” options overlay approach was allegedly implemented with reckless abandon.

This investor, who continues to pay massive interest on this investment each month—this means her losses are increasing— is alleging unsuitability, misrepresentations and omissions, breach of contract, breach of fiduciary duty, negligence, gross negligence, failure to supervise, unjust enrichment, and more.

Allow Our Seasoned UBS YES Broker Fraud Lawyer Team To Help You Explore Your Legal Options

We are one of the few brokerage firms to have won a broker fraud lawsuit against UBS over its Yield Enhancement Strategy program. This was a more than $468K arbitration award for a North Carolina couple. We are also working with other UBS YES investors in fighting for the damages they were owed.

UBS marketed its YES program to many of its high-net-worth customers. It is important to note that just because someone has a lot of money doesn’t mean they are an experienced investor. Meanwhile, UBS Financial Services was making almost $100M annually In commissions and other fees.

It was in 2018 when this options trading strategy began to fail. Customer losses are now at over $1B.

With more than a century’s worth of combined experience in securities law and the securities industry, Shepherd Smith Edwards and Kantas has represented investors in more than 1000 matters in arbitration, mediation, and litigation. We have the knowledge and legal skills necessary to represent you against the largest broker-dealers on Wall Street.

By now, we are well-informed about why the UBS YES program failed and the reasons that the firm and its brokers should be held liable. This is not the first time that UBS purportedly disregarded many of its clients’ best interests.

Several years ago, our securities law firm sued UBS Puerto Rico for many of the investors to whom the broker-dealer allegedly unsuitably marketed and sold Puerto Rico bond funds and closed-end funds. Thousands of investors, most of them retail investors, small businesses owners, and retirees, collectively lost many millions of dollars in that investment debacle. Meanwhile, UBS profited greatly.

How To Work With Our Seasoned Broker Fraud Lawyer Team

Contact us today to schedule your free, initial case assessment. If we decide to work together, you can trust that you will receive quality securities law representation and personalized attention. Call (800) 259-9010 or fill out this form.

Contact Information