Customers of UBS Broker Roderick Von Lipsey Report UBS YES Losses

Claimants Are Seeking Over $4M in Damages Over UBS YES Strategy

If you suffered investment losses while working with UBS Financial Services broker and investment advisor Roderick K. Von Lipsey, you may have grounds for filing a FINRA arbitration claim to recover damages. 

In the last 2.5 years, between September 2019 and January 2022, the Washington DC financial advisor has been named in four pending customer disputes over alleged losses sustained in the UBS Yield Enhancement Strategy (UBS YES).

Our UBS YES investor lawyers are speaking to customers of Roderick Von Lipsey who are seeking to explore their legal options. Contact us at Shepherd Smith Edwards and Kantas (SSEK Law Firm at today.

Washington DC Financial Advisor is Accused of Unsuitability & Misrepresentations 

Von Lipsey, who is also a UBS Financial managing director and a senior member of the firm’s Private Wealth Management practice in DC, has worked in the industry for 21 years. He has been a registered representative with UBS since 2007. Previous to that he was a Goldman Sachs broker.

According to BrokerCheck, Roderick Von Lipsey has been named in four pending customer disputes, including:

  • August 2020: This claimant contends that beginning in 2017, Von Lipsey engaged in unsuitability and made misrepresentations related to recommending that they invest in UBS YES. Now, this investor is requesting nearly $446K in damages.
  • July 2020: This investor is requesting $1.7M in damages also related to unsuitable recommendations and misrepresentations involving the UBS Yield Enhancement Strategy. There are also alleged losses that appear to have involved master limited partnership (MLP) investments.
  • October 2019: This UBS YES investor is requesting $500K in damages.
  • September 2019: Contending that Von Lipsey unsuitably recommended that they invest and hold in the brokerage firm’s options overlay strategy, this investor is now requesting $1.4M in damages.

What is UBS YES?

This Yield Enhancement Strategy is an options overlay strategy that was misrepresented by UBS brokers as a low-risk trading strategy that has since proved much riskier. 

Touted as able to earn wealthy UBS customers a modest income while protecting their portfolios,  investors have lost significant sums through this “iron condor” strategy. This strategy used four options contracts, involved simultaneously selling puts and calls, and used a customer’s underlying portfolio as collateral for the options transactions.

UBS YES losses over the last few years, especially in the wake of market turbulence, have exceeded over $1B.  Many of the investors sustained losses in the millions of dollars. Meanwhile, UBS and thousands of its financial advisors that were authorized to promote its Yield Enhancement Strategy to customers made nearly $100M annually. 

UBS YES Investor Claims

UBS Financial is named in many FINRA arbitration claims brought by customers seeking to recover their losses. The brokerage firm has already been ordered to pay damages to some of these claimants. 

Our investment fraud law firm works with clients throughout the US in bringing claims against this broker-dealer. SSEK Law Firm represents high-net-worth individual investors, institutional investors, and retail against the largest Wall Street firms. Over the years, we have helped thousands to recover damages. 

Call us at (800) 259-9010 today to receive a free case consultation.

Contact Information