The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”), www.nasd-law.com,
announced today that it is continuing to investigate the sales practices
of UBS Financial Services (NYSE: UBS), in connection with the sale of
the UBS Willow Fund to its customers, as well as the losses sustained by
investors in the Fund. The Willow Fund is a private hedge fund which was
formed in 2000. In October of 2012, investors were notified that the
Fund would be liquidated. While many investors were advised that the
Fund was a safe, low risk product, the Fund has declined about 80%.
K&T is investigating whether UBS adequately disclosed the risks
associated with the UBS Willow Fund, as well as whether investors’
portfolios were over-concentrated in the Fund. The individual brokers
and advisors who sold the UBS Willow Fund are not the target of this
investigation. Instead, K&T is looking into UBS’s conduct in connection
with its marketing of the Fund to its customers. Further, our law firm
is investigating whether the UBS Willow Fund deviated from its disclosed
strategy of investing in distressed debt, and instead started
speculating in foreign sovereign debt credit default swaps. It is
believed that these credit default swaps eventually led to the collapse
of the fund, and caused investors to lose a substantial portion of their
investment.
Investors who have sustained losses in the UBS Willow Fund can contact
K&T to explore their legal rights and options. The attorneys at K&T are
dedicated to pursuing claims on behalf of investors who have suffered
investment losses. K&T, an experienced, qualified and nationally
recognized securities litigation law firm, practices exclusively in the
field of securities arbitration and litigation. It continues its
representation of investors throughout the world in securities
arbitration and litigation matters against major Wall Street brokerage
firms.
If you wish to discuss this announcement or have investment losses of
$100,000 or more in the UBS Willow Fund, please contact Steven D.
Toskes, Esquire or Robert Harvey, Esquire of Klayman & Toskes, P.A., at
888-997-9956 or visit us on the web at www.nasd-law.com.
Copyright Business Wire 2015