Soreide Law Group is investigating claims on behalf of UBS investors who have sustained losses investing in UBS Yield Optimization Notes. Yield Optimization Notes, otherwise known as reverse convertibles, are complex structured products with substantial risk. Reverse convertibles are the subject of multiple regulatory investigations. Upon information and belief, UBS did not require option suitability approval for Yield Optimization Note clients. UBS Yield Optimization Notes purchasers were buying the equivalent of a short put transaction. UBS marketed these products on certain volatile stocks that have suffered substantial declines including Micron, RIMM, US Steel, First Solar, and others including structured products such as UBS 100% principal protection notes, UBS Yield Optimization Notes with Contingent Protection, UBS Bullish Underlying Linked Securities (UBS BULS), and UBS Enhanced Appreciation Securities (UBS EAS).
If you have experienced financial losses from investing in UBS Yield Optimization Notes or another reverse convertible product, call Lars K. Soreide, of the Soreide Law Group, at 888-760-6552 for a free consultation or fill out our form on the contact page.
UPDATE 9/29/2016
Soreide Law Group was among the first to discover these notes had negatively effected many investors. There are several reverse convertible notes products that were sold to over 8,000 investors. These were often unsuitable and not meant for unsophisticated investors. Many investors suffered heavy losses that they were not able to recover and these losses were far beyond a market level loss.
Soreide Law Group is investigating potential investor claims involving sales practice violations by securities brokers and financial advisors related specifically to Next Level Holdings LLC and its affiliated Yield Wealth investment products. These offerings—including Next Level Notes and Yield Term Deposits—were promoted as high-yield, income-generating investments with purported principal protection. However, significant adverse information has […]
Investors have reportedly disputed the sales practices of securities broker David Robert McCain [CRD: 2039283, Johnson City, Tennessee], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McCain worked for Woodbury Financial Services Inc. from September 4, 2009, to January 19, 2024, Osaic Wealth Inc. from January 19, 2024, to August 22, 2024, and […]
Investors apparently complained about securities broker Ian Christopher McElreath [CRD: 4754189, Atlanta, Georgia], according to publicly available information found on Financial Industry Regulatory Authority (FINRA) BrokerCheck. McElreath worked for Ameritas Investment Company LLC from November 26, 2019, to April 6, 2021; 20/20 Capital Management, Inc from January 17, 2020, to April 20, 2021; Emerson Equity […]
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