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.
CLIFFORD RONALD REID (CLIFFORD R REID) was previously registered with REID RUDIGER LLC of New York, NY from 10/06/1999 - 04/30/2026. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, CLIFFORD R REID has 34 years of experience in the securities industry and was listed as a broker with 4 firms. Reid is […]
Investors might have sustained losses due to securities broker Elizabeth Florence Ortiz (also known as Elizabeth Barber, Betsy Barber, and Betsy Ortiz) [CRD: 6818113, Austin, Texas], based on public information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Ortiz has worked for Charles Schwab Co. Inc. from December 11, 2017, to the present. Read on to […]
Investors potentially incurred losses because of securities broker James Anthony Medsker (also known as Jim Medsker) [CRD: 1294250, Dublin, Ohio], given the disclosures located on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Medsker worked for Wells Fargo Clearing Services LLC from October 26, 2018, to January 25, 2024. Investors are encouraged to continue reading to learn […]
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