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The U.S. Securities and Exchange Commission (SEC) has announced a landmark settlement with UBS Financial Services Inc. related to the firm’s Yield Enhancement Strategy (YES). According to the SEC, UBS “has agreed to pay approximately $25 million to settle fraud charges relating to a complex investment strategy referred to as […]
Each year we represent dozens of investors who have suffered fraudulent losses in FINRA arbitration. The Financial Industry Regulatory Authority (FINRA) regulates securities brokers and brokerage firms, and FINRA arbitration provides a streamlined forum for defrauded investors to pursue claims for recovery. Now that we’re halfway through the year, here […]
While UBS scored some early victories in arbitration involving the firm’s high-risk yield enhancement strategy (YES) investment product, recently the tables have turned in investors’ favor. According to Investment News, an industry executive who asked not to be named said that out of the 33 FINRA arbitration claims filed against […]
According to an April 6, 2022 press release published by the U.S. Securities and Exchange Commission (SEC), GWG Holdings Inc. has received a notification of non-compliance from Nasdaq. As stated in the SEC’s press release, the notification is based on the fact that GWG “was not in compliance with requirements […]
These days, retirees on fixed incomes are undoubtedly very concerned about their investments and savings in general. For retiree investors who have been watching the stock market fall in recent days, you may be wondering what to do next or what options are available to you. If you are working […]
On April 4, 2022, InvestmentNews reported that GWG Holdings Inc. was on the verge of filing for bankruptcy. Citing confidential sources, the media outlet wrote that GWG, “which sold $1.6 billion in bonds backed by life settlements through a network of independent broker-dealers, is preparing to file for Chapter 11 […]
As part of our law firm’s investigation of Emerson Equity and other entities connected to GWG Holdings L Bonds, Zamansky, LLC was published in Businesswire, announcing our investigation of Tony Barouti. Barouti, of the Barouti Foundation, is a representative of Emerson Equity, and is a lead broker-dealer and underwriter of […]
Wall Street brokers such as UBS, Morgan Stanley and Merrill Lynch sold billions of dollars in complex “structured products or notes” to their retail customers in recent years. Brokers pitched the structured products as “low risk” bond-like investments with higher yields. Unfortunately, many customers were not told of the significant […]
On February 10, 2022, the U.S. Senate passed a bill that seeks to give more rights to victims of sexual harassment and sexual assault in the workplace. The U.S. House of Representatives has passed the bill as well, and President Biden has indicated that he will sign the bill into […]
As a result of the Russia-Ukraine war last week, Russia’s sovereign bonds plummeted to distressed levels and Russian stocks dropped the most on record. UBS triggered margin calls on some wealth management clients that use Russian bonds as collateral for their portfolios after marking down the value of debt issued […]