The Investor's Rights Law Blog

Did Ohio and Florida UBS Broker Kenneth Wise Sell You a UBS Credit-line Investment Strategy?

August 10, 2020 | by Law Offices of Robert Wayne Pearce, P.A.

How Do You Recover Your Investment Losses From Those Credit-line Margin Calls?

If you are reading this Blog, UBS Financial Services, Inc. stockbroker Kenneth Wise may have recommended that you take out a variable or fixed line of credit instead of selling securities and withdrawing funds from your account in order to stay invested in what was supposed to be a safe, well-balanced investment portfolio. The next thing you may have heard in March this year was you needed to deposit cash by 1 pm or your securities were going to be sold at rock-bottom prices. Or maybe you didn’t even receive a margin call and securities were just sold in your account. You might have thought the problem was the composition of your portfolio, but the problem was very probably the leverage created by the credit-lines. Without the leverage, there might not have been any margin calls, and you would have been able to ride out the COVID-19 storm. You are not alone because that is just what other investors have told us about the pitch Kenneth Wise made to them and their recent experience.

In fact, we represent one such investor who has filed an arbitration claim against UBS Financial Services, Inc. for not only Mr. Wise’s alleged unsuitable recommendations, but for his alleged misrepresentations, misleading statements and mismanagement of her accounts. Please go to our website and read about our client’s allegations in our article titled “UBS Financial Services, Inc. Sued for Florida and Ohio Financial Advisor Kenneth Wise’s Alleged Misconduct Involving a Credit-Line Investment Strategy.”
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Did William Word Huthnance Sell You On The UBS Yield Enhanced Strategy?

August 10, 2020 | by Law Offices of Robert Wayne Pearce, P.A.

How Do You Recover Your “UBS-YES” Investment Losses?

If you are reading this Blog, William Word Huthnance probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) in what was supposed to be a “market neutral” investment strategy. Despite your UBS Financial Services, Inc. (“UBS”) stockbroker’s representations about the UBS-YES managers ability to “manage risk” and “minimize losses” through its “iron condor” option strategy you probably realized substantial losses. You are not alone because that is just what many other UBS-YES investors have told us about the pitch made to them to invest in the UBS-YES program and their recent experience.

In fact, according to FINRA’s BrokerCheck website one investor has filed an arbitration claim against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Huthnance’s UBS-YES investment recommendations.

Former First Standard Financial Stockbroker Robert Frank Spiegel Suspended for Excessive and Unsuitable Trading

August 10, 2020 | by Law Offices of Robert Wayne Pearce, P.A.

Robert Frank Spiegel of Staten Island, New York submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he was fined and suspended for allegedly engaging in excessive and unsuitable trading in violation of FINRA Rules 2111 and 2010.

From October 2014 through November 2018, Robert Frank Spiegel was registered with First Standard Financial as a General Securities Representative. According to the FINRA findings, Robert Frank Spiegel allegedly engaged in quantitatively unsuitable trading in the account of a 70-year-old customer. The FINRA findings stated that the customer followed Mr. Spiegel’s recommendations, giving him de facto authority over the account and while doing so resulted in a high turnover rate of 34 and an annualized cost-to-equity ratio of 113%. In addition to the FINRA findings, the customer paid $18,047 in commissions and fees to Mr. Spiegel and incurred losses of $77,334. Continue Reading

Did Todd M. Michael Perry Sell You On The UBS Yield Enhanced Strategy?

August 10, 2020 | by Law Offices of Robert Wayne Pearce, P.A.

How Do You Recover Your “UBS-YES” Investment Losses?

If you are reading this Blog, Todd M. Michael Perry probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) in what was supposed to be a “market neutral” investment strategy. Despite your UBS Financial Services, Inc. (“UBS”) stockbroker’s representations about the UBS-YES managers ability to “manage risk” and “minimize losses” through its “iron condor” option strategy you probably realized substantial losses. You are not alone because that is just what many other UBS-YES investors have told us about the pitch made to them to invest in the UBS-YES program and their recent experience.

In fact, according to FINRA’s BrokerCheck website one investor has filed an arbitration claim against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Perry’s UBS-YES investment recommendations.

Did Roy K. Tonning Sell You On The UBS Yield Enhanced Strategy?

August 9, 2020 | by Law Offices of Robert Wayne Pearce, P.A.

How Do You Recover Your “UBS-YES” Investment Losses?

If you are reading this Blog, Roy K. Tonning probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) in what was supposed to be a “market neutral” investment strategy. Despite your UBS Financial Services, Inc. (“UBS”) stockbroker’s representations about the UBS-YES managers ability to “manage risk” and “minimize losses” through its “iron condor” option strategy you probably realized substantial losses. You are not alone because that is just what many other UBS-YES investors have told us about the pitch made to them to invest in the UBS-YES program and their recent experience.

In fact, according to FINRA’s BrokerCheck website one investor has filed an arbitration claim against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Tonning’s UBS-YES investment recommendations. This is in addition to a prior claim for sales practice violations that was settled.

Did Thomas Joseph Livaccari Sell You On The UBS Yield Enhanced Strategy?

August 9, 2020 | by Law Offices of Robert Wayne Pearce, P.A.

How Do You Recover Your “UBS-YES” Investment Losses?

If you are reading this Blog, Thomas Joseph Livaccari probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) in what was supposed to be a “market neutral” investment strategy. Despite your UBS Financial Services, Inc. (“UBS”) stockbroker’s representations about the UBS-YES managers ability to “manage risk” and “minimize losses” through its “iron condor” option strategy you probably realized substantial losses. You are not alone because that is just what many other UBS-YES investors have told us about the pitch made to them to invest in the UBS-YES program and their recent experience.

In fact, according to FINRA’s BrokerCheck website one investor has filed an arbitration claim against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Livaccari’s UBS-YES investment recommendations.

Did Thomas Peter Wallack Sell You On The UBS Yield Enhanced Strategy?

August 9, 2020 | by Law Offices of Robert Wayne Pearce, P.A.

How Do You Recover Your “UBS-YES” Investment Losses?

If you are reading this Blog, Thomas Peter Wallack probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) in what was supposed to be a “market neutral” investment strategy. Despite your UBS Financial Services, Inc. (“UBS”) stockbroker’s representations about the UBS-YES managers ability to “manage risk” and “minimize losses” through its “iron condor” option strategy you probably realized substantial losses. You are not alone because that is just what many other UBS-YES investors have told us about the pitch made to them to invest in the UBS-YES program and their recent experience.

In fact, according to FINRA’s BrokerCheck website one investor has filed an arbitration claim against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Wallack’s UBS-YES investment recommendations. This is in addition to a prior claim for alleged sales practice violations that was settled.

Did Timothy Joseph Croak Sell You On The UBS Yield Enhanced Strategy?

August 9, 2020 | by Law Offices of Robert Wayne Pearce, P.A.

How Do You Recover Your “UBS-YES” Investment Losses?

If you are reading this Blog, Timothy Joseph Croak probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) in what was supposed to be a “market neutral” investment strategy. Despite your UBS Financial Services, Inc. (“UBS”) stockbroker’s representations about the UBS-YES managers ability to “manage risk” and “minimize losses” through its “iron condor” option strategy you probably realized substantial losses. You are not alone because that is just what many other UBS-YES investors have told us about the pitch made to them to invest in the UBS-YES program and their recent experience.

In fact, according to FINRA’s BrokerCheck website one investor has filed an arbitration claim against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Croak’s UBS-YES investment recommendations.

Did Simon Alexander Clarke Sell You On The UBS Yield Enhanced Strategy?

August 9, 2020 | by Law Offices of Robert Wayne Pearce, P.A.

How Do You Recover Your “UBS-YES” Investment Losses?

If you are reading this Blog, Simon Alexander Clarke probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) in what was supposed to be a “market neutral” investment strategy. Despite your UBS Financial Services, Inc. (“UBS”) stockbroker’s representations about the UBS-YES managers ability to “manage risk” and “minimize losses” through its “iron condor” option strategy you probably realized substantial losses. You are not alone because that is just what many other UBS-YES investors have told us about the pitch made to them to invest in the UBS-YES program and their recent experience.

In fact, according to FINRA’s BrokerCheck website one investor has filed an arbitration claim against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Clarke’s UBS-YES investment recommendations.

Did Robert Charles Mueller Sell You On The UBS Yield Enhanced Strategy?

August 8, 2020 | by Law Offices of Robert Wayne Pearce, P.A.

How Do You Recover Your “UBS-YES” Investment Losses?

If you are reading this Blog, Robert Charles Mueller probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) in what was supposed to be a “market neutral” investment strategy. Despite your UBS Financial Services, Inc. (“UBS”) stockbroker’s representations about the UBS-YES managers ability to “manage risk” and “minimize losses” through its “iron condor” option strategy you probably realized substantial losses. You are not alone because that is just what many other UBS-YES investors have told us about the pitch made to them to invest in the UBS-YES program and their recent experience.

In fact, according to FINRA’s BrokerCheck website one investor has filed an arbitration claim against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Mueller’s UBS-YES investment recommendations. This is in addition to three prior claims for alleged sales practice violations that were settled or denied. Continue Reading