Window to File Claims for UBS YES Fraud May Close for Some Investors in 2024
If you are still dealing with losses you suffered with UBS’s Yield Enhancement Strategy (YES), you are not alone. Many investors fell victim to UBS’s and its brokers’ self-interested and unsuitable investment advice—and, while some have recovered their losses through FINRA arbitration, many have yet to file a claim.
If you have yet to file a claim, it is important that you speak with a lawyer promptly. The window to file your claim could close in 2024, and once it closes, you won’t be able to recover your fraudulent investment losses.
The UBS Yield Enhancement Strategy Saga Began in Early 2018
The UBS yield enhancement strategy saga began in early 2018. While the YES product is much older, this is when UBS—and other brokerage firms including Credit Suisse, Merrill Lynch and Morgan Stanley—most recently began pushing the high-risk YES strategy on unsuspecting investors.
Since then, we have successfully represented several YES investors in claims against UBS in FINRA arbitration. The Financial Industry Regulatory Authority (FINRA) has oversight of the brokerage market, and it provides an arbitration forum for defrauded investors to pursue claims. It has now been clearly established in several cases that UBS and other firms misled investors into the YES product with omissions of material information, unsuitable investment advice and self-interested investment recommendations.
Investors Have Six Years to File Their Claims in FINRA Arbitration
Investors who suffer fraudulent investment losses—including losses from the YES strategy—have six years to file their claims in FINRA arbitration. This six-year eligibility period runs from the date that an investor learned, or reasonably should have learned, of the fraud. For many UBS YES investors, this means that their window to file may close in early 2024—six years after the saga began.
If you are running out of time to recover your fraudulent YES strategy losses, all you need to do before the deadline is file your claim. As long as you file before the six-year eligibility window closes, you will preserve your legal rights. You can then work with your lawyer to gather the evidence needed to prove your claim, and your lawyer can work to recover your losses for you in 2024.
Even though it has been nearly six years for many UBS YES investors, the evidence investors need to prove their claims still exists. In fact, through our representation of UBS YES investors, we have much of this evidence already. Once you contact us, we can act promptly to file your claim and preserve your legal rights, and then we can get to work holding your brokerage firm accountable.
Discuss Your UBS YES Claim with a Lawyer at Zamansky LLC
To discuss your UBS YES claim with a lawyer at Zamansky LLC, please call 212-742-1414 or contact us online. Your initial consultation is free and confidential, and if you have a claim, you will pay nothing out of pocket for your legal representation.