NOTICE TO UBS CUSTOMERS WITH YES ACCOUNTS: KlaymanToskes Investigates Additional Losses Now Exceeding 30%
UBS Group AG Registered Ordinary Shares (UBS)
US:NYSE Investor Relations:
ubs.com/global/en/about_ubs/investor_relations.html
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--KlaymanToskes, www.klaymantoskes.com, continues its investigation into the Yield Enhancement Strategy (“YES”) recommended by UBS (NYSE:UBS) to its customers. Losses have increased to more than 30% for investors who continued the YES strategy through the recent market event precipitated by COVID-19. The investigation focuses on UBS’s 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 overlay strategy to generate additional income. The YES program utilized an options strategy, known as the Iron Condor, which created the allusion of better returns or cash flow during periods of low volatility and generated hefty fees and commissions for UBS and its financial advisors. Recently, additional losses have been suffer
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