Soreide Law Group is currently investigating UBS Financial Services (UBS) in the sale of UBS V10 Enhanced FX Carry Strategy. UBS is one of the largest FX dealers and was recently under investigation by Switzerland's regulatory authority, FINMA, into potential FX benchmark manipulation. As a result, they were severely penalized. Bloomberg describes the product as having been sold as a 'high-yielding foreign-exchange investment that used computer algorithms to minimize risks in periods of volatility.' When the European debt crisis began, the index to which the notes were tied lost 26% in two years according to Bloomberg.
Recently there was a lawsuit filed in Federal Court in Florida claiming the client was sold UBS V10 Enhanced FX Carry Strategy, resulting in losses over $100,000. This individual claims he did not ask for this risky, complex product sold to him by his financial advisor. Due to this lawsuit, the US Department of Justice is examining whether UBS traders deliberately overcharged investors by carrying out the currency trades needed to execute the strategy.
If you've invested in the UBS V10 Enhanced FX Carry Strategy at the recommendation of your financial advisor/broker and experienced losses, contact Soreide Law Group at (888) 760-6552 for a free consultation on how you may be able to recover your losses. Soreide Law Group, PLLC, (https://www.securitieslawyer.com) is currently representing investors nationally and internationally against UBS.
DAVID KITCHEN FRANKLIN (DAVID K FRANKLIN) was permanently barred by FINRA from acting as a broker or otherwise associating with a broker/dealer firm on 10/21/2025. Franklin was formerly registered as a broker with INTEGRAL WEALTH SERVICES LLC of New York, NY from 08/06/2018 - 06/09/2025. According to the FINRA report, without admitting or denying FINRA’s […]
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Soreide Law Group, PLLC At Soreide Law Group, we help investors, shareholders, and publicly traded companies navigate the complex federal rules governing the resale of restricted or control securities. Our attorneys understand that clearing restrictive legends and ensuring compliance with Rule 144 or other resale exemptions can be time-sensitive and critical to protecting shareholder rights. […]
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