NOTICE TO UBS CUSTOMERS WITH YIELD ENHANCEMENT STRATEGY ACCOUNTS: Klayman & Toskes, P.A. Continues to Investigate on Behalf of Investors Who Sustained Losses from the YES program

BOCA RATON, Fla.–(BUSINESS WIRE)–The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.nasd-law.com,
continues its investigation into the Yield Enhancement Strategy (“YES”)
recommended by UBS (NYSE: UBS) to its customers. The investigation
focuses on the firms’
sales practices
in connection with the recommendation of the
high-risk YES program for customers who sought conservative investments.

High net-worth investors seeking conservative investments to preserve
their principal were encouraged to participate in the YES program and
were told it was a low-risk strategy to generate additional income. The
YES program required investors to set aside a mandate, often around $3
million, in order to participate in the program, and were charged a
1.75% fee of the mandate for their participation.

The YES program utilized an options strategy, known as the Iron Condor,
which created the appearance of better returns or cash flow during
periods of low volatility and generated hefty fees and commissions for
UBS and its financial advisors. In December 2018, the market took a
volatile turn and losses began piling up for investors in the YES
program. UBS allegedly misrepresented the risks involved with
participating in such a strategy to its investors, and these investors
suffered losses they never anticipated, with losses estimated around $1
billion.

The sole purpose of this release is to investigate whether the Yield
Enhancement Strategy deployed by UBS was suitable for UBS investors and
whether UBS misrepresented its risks. Current and former investors with
accounts at UBS who participated in the Yield Enhancement Strategy, and
have information relating to the manner in with the firm handled their
portfolios, are encouraged to contact the attorneys of Klayman & Toskes,
P.A., at (888) 997-9956, or visit our firm’s website at www.nasd-law.com.

About Klayman & Toskes, P.A.

K&T 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. K&T has office locations in California, Florida, New York and
Puerto Rico.

Destination: http://nasd-law.com/notice-to-ubs-customers-with-yield-enhancement-strategy-accounts-klayman-toskes-p-a-continues-to-investigate-on-behalf-of-investors-who-sustained-losses-from-the-yes-program/

Contacts

Klayman & Toskes, PA
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@nasd-law.com
www.nasd-law.com