March 3, 2015

Did You Invest in UBS V10 Enhanced FX Carry Strategy?

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.

S H A R E   T H I S   P O S T

Recent Posts

February 18, 2025
CONCORDE INVESTMENTS SERVICES and Bart Harrison

Soreide Law Group, based in South Florida, has filed a FINRA arbitration on behalf of their client (Claimant) against: CONCORDE INVESTMENTS SERVICES, LLC. (Respondent) The Claimant resides in Southwest Florida and maintained a relationship with CONCORDE INVESTMENTS SERVICES and its Financial Advisor, Bart Harrison. The lawsuit alleges that CONCORDE INVESTMENTS SERVICES and Bart Harrison understood […]

February 18, 2025
John Christoforidis Barred by FINRA Following Investigation

Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker John Christoforidis (CRD: 2841315, Garden City, New York). Christoforidis previously worked for multiple brokerage firms, including Spartan Capital Securities LLC from 2016 to 2024. Recent regulatory actions disclose that FINRA has barred Christoforidis from the securities industry following his refusal to provide on-the-record testimony […]

February 18, 2025
Joel Freedman Faces Allegations of Unauthorized Trading

Financial Industry Regulatory Authority (FINRA) BrokerCheck reveals disclosures about securities broker Joel Randy Freedman (CRD#: 1260557, Radnor, Pennsylvania). Freedman has been employed in the securities industry for 40 years and has worked with several firms, including Morgan Stanley (2009-2024). As of April 2024, he is registered with Sanctuary Securities Inc. and Sanctuary Advisors LLC in […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2022 Soreide Law Group, PLLC  |  All Rights Reserved