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As we close the books on a year unlike any other, there is at least some cause for optimism in 2021. But, for investors, the lessons learned in 2020 should serve as warnings that it is more important now than ever to be wary of the risk of investment fraud. […]
When you invest in the stock market, you know there is a possibility that you could lose your principal. But, you expect any losses to result from market factors, not from fraud. Unfortunately, fraud is a very real concern for individual investors; and, in many cases, investors can seek to […]
The UBS YES strategy was like so many investment opportunities that appear too good to be true. While it promised stable returns and little risk—at least as portrayed by UBS—in the end, investors were left facing substantial losses and wondering where it all went wrong. How and Why the UBS […]
The UBS YES strategy was supposed to be a boon for wealthy investors. The brokerage firm touted its “yield enhancement strategy” as a way for its customers to earn reliable income with relatively low risk. As UBS explained the strategy in its sales pitches and marketing materials, it offered a […]
If you are like many of the wealthy individuals who invested in UBS’ yield enhancement strategy (YES), your investment in the strategy yielded substantial losses. The market plunge at the end of 2018 came first, and then the COVID-19 pandemic crashed the securities market again in 2020. In between, various […]
It has been almost two years since the first warning flags about UBS’s yield enhancement strategy (YES) went up. In the time since, we have filed claims on behalf of many aggrieved investors, and unfortunately, many more investors have experienced substantial losses. If you have suffered losses with the UBS […]
The U.S. Securities and Exchange Commission (SEC) recently filed charges against a Florida attorney and a disbarred New York attorney who are accused of engaging in an investment fraud scam from December 2015 through July 2018. According to an SEC press release, the current and former attorneys, Thomas Craft and […]
On November 9, 2020, the U.S. Supreme Court denied a petition for certiorari (which, in layman’s terms, is simply a formal request to review a lower court’s ruling) in the case of Retirement Plans Committee of IBM v. Jander. At issue were the following: 1. Whether Fifth Third Bancorp v. Dudenhoeffer’s “more […]
The Financial Industry Regulatory Authority (FINRA) recently launched a new website, and its new site includes a “For Investors” section that provides several useful tools and resources for individuals who invest directly through their own brokers and advisors. If you have questions about investment options or how to recover fraudulent […]
The U.S. Securities and Exchange Commission (SEC) recently announced that it has settled charges against The Cheesecake Factory based on allegations that the company made fraudulent representations in its public disclosures. According to the SEC’s press release, “[t]he action is the SEC’s first charging [of] a public company for misleading […]