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.
Soreide Law Group is investigating potential investor claims involving Blue Owl Capital Corporation (NYSE: OBDC), including whether brokers and financial advisors properly explained the risks surrounding this publicly traded business development company and its related private credit platform. OBDC invests primarily in loans to middle-market companies and is often marketed as an income-generating investment. However, […]
Investors potentially experienced sales practice violations by securities broker Mark Perry Kissinger [CRD: 4546631, Frisco, Texas], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Kissinger worked for NYLIFE Securities LLC since November 27, 2018, and Eagle Strategies LLC since March 15, 2023. Read on for a better understanding about the disclosures involving this […]
Investors have reportedly disputed the sales practices of securities broker Robert Steven Wilkinson [CRD: 1180321, Oakland, California], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Wilkinson worked for Western International Securities Inc. from November 26, 2013, to June 5, 2025, and later registered with LPL Financial LLC beginning June 5, […]
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