ATTENTION CURRENT AND FORMER UBS CUSTOMERS WITH YES ACCOUNT LOSSES: KlaymanToskes Continues to Investigate and Pursue Claims to Recover Investment Losses

KlaymanToskes, www.klaymantoskes.com, continues to investigate and pursue claims to recover investment losses suffered by investors in UBS’s (NYSE:UBS) Yield Enhancement Strategy (“YES”). KT has recently received important information relating to the marketing, offer, and sale of the YES strategy to UBS customers. KT believes that investor claims are meritorious as they relate to the marketing, offer, and sale of the YES strategy, including the sales presentation that was provided to customers.

The YES program utilized an options strategy known as the Iron Condor, trading call and put options on the S&P 500. UBS characterized YES as a strategy that would have limited correlation to the market and as having downside protection. However, the YES strategy has shown significant correlation to the greater markets and limited downside protection.

YES investor losses have increased to approximately 40% due to a recent market event precipitated by the Coronavirus (“COVID-19”) pandemic. UBS has seen a large decline in the assets under management in YES, from $6 billion in 2018 down to $1.5 billion.

The sole purpose of this release is to investigate whether the YES strategy employed by UBS was suitable for investors and whether UBS misrepresented its risks. Current and former investors with accounts at UBS who participated in YES, and have information relating to the manner in which the firm handled their portfolios, are encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131, or visit our firm’s website at www.klaymantoskes.com.

About KlaymanToskes

KT is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds. KT has office locations in California, Florida, New York, and Puerto Rico.

Destination: https://klaymantoskes.com/attention-current-and-former-ubs-customers-with-yes-account-losses/

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