Two FINRA Arbitration Panels Order Firm To Pay UBS YES Customers for Their Losses
In separate UBS Yield Enhancement Strategy (UBS YES) investor cases, two Financial Industry Regulatory Authority (FINRA) arbitration panels have awarded UBS Financial Services customers $1.18M and $1.4M, respectively. These are the latest awards against the broker-dealer, whose high-net-worth investors have lost significant sums of money in the firm’s proprietary, complex options trading strategy.
Due to the most recent rulings, the broken dealer will have to pay UBS YES customers more than $7.6M in 2022. In May, two investors were awarded $3.9M. Various other UBS YES customers were awarded $1.2M in March, and In February 2022, a claimant and two of his family trusts were also awarded $1.875M.