Articles Posted in Stockbrokers In The News

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

If you are reading this Blog, Eric Maer Yamin probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) and lost 20-40% of your original investment 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 still 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. Yanin’s UBS-YES investment recommendations. Continue Reading

Dana Bruce Vietor of Dallas, Texas submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) and agreed to be barred for allegedly engaging in private securities transactions, also known as selling away.

Between January 1, 2014 and November 11, 2018, while registered with Cape Securities and Oakbridge Financial Services, Dana Vietor is alleged by FINRA to have engaged in private securities transactions totaling more than $3 million without written notice or approval from his member firms. The FINRA findings state that Mr. Vietor sold promissory notes to at least 40 customers.  The promissory notes, called Deposit Agreements, were part of a start-up business venture for which Mr. Vietor was a member of the management team and, therefore, received indirect compensation for his involvement in the sale of the promissory notes, in violation of FINRA Rules 3280 and 2010. Continue Reading

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

If you are reading this Blog, Eric Andrew Wittenberg probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) and lost 20-40% of your original investment 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 still 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 two (2) investors have filed arbitration claims against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Wittenberg’s UBS-YES investment recommendations. This is in addition to two prior claims for alleged sales practice violations that were denied and withdrawn. Continue Reading

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

If you are reading this Blog, Edwin Earle Nowlin, Jr. probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) and lost 20-40% of your original investment 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 still 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 two (2) investors have filed arbitration claims against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Nowlin’s UBS-YES investment recommendations. This is in addition to two prior claims for alleged sales practice violations that were settled. Continue Reading

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

If you are reading this Blog, Donald J. Dever probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) and lost 20-40% of your original investment 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 still 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 arbitration claims against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Dever’s UBS-YES investment recommendations. This is in addition to a prior claim for alleged unauthorized trading that was settled. Continue Reading

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

If you are reading this Blog, David Youngblood Moran probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) and lost 20-40% of your original investment 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 still 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 three (3) investors have filed arbitration claims against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Moran’s UBS-YES investment recommendations. Continue Reading

Michael Leahy of Red Bank, New Jersey submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he has been barred for allegedly failing to reasonably supervise another representative in violation of  FINRA Rules 3110 and 2010.

In July 2017, Michael Leahy joined First Standard Financial General Securities Representative and General Securities Principal. According to FINRA, Michael Leahy failed to supervise a former registered representative with First Standard, who engaged in a pattern of unauthorized trading, used margin without authorization, recommended unsuitable transactions, and charged excessive commissions in dozens of customer accounts. The FINRA findings stated the Leahy was allegedly aware of the multiple red flags and failed to investigate or take action against the representatives misconduct. Due to Leahy’s failure to supervise, the representative’s misconduct continued until the New Jersey Bureau of Securities revoked the representative’s registration. Continue Reading

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

If you are reading this Blog, Christopher Wayne Tolman probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) and lost 20-40% of your original investment 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 still 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 two investors have filed arbitration claims against UBS for its own misrepresentations about and/or mismanagement of the program and/or Mr. Tolman’s  UBS-YES investment recommendations. These red flags are in addition to an actions taken by the Texas securities regulator and an employment termination reported on BrokerCheck. Continue Reading

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

If you are reading this Blog, Christopher Charles Aitken probably recommended that you invest in the UBS Yield Enhanced Strategy (“UBS-YES”) and lost 20-40% of your original investment 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 still 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. Aitken’s UBS-YES investment recommendations. Continue Reading

Let Us Help You Recover Your GPB Investment Losses!

Eric Peter Weschke has been employed by Kalos Capital, Inc. and Weschke Wealth Management in Setauket, New York since 2011.  During his illustrious securities industry career as a salesperson he has managed to be the subject of two regulatory complaints and fourteen customer complaints. Ohio denied him registration in the state because it “determined that Weschke was not of good business repute.”  Nine of those arbitrations were settled in the investors’ favor, two were denied and three remain pending.  We believe all of the pending complaints relate to Mr. Weschke’s private offer and sale of GPB Capital Holdings sponsored limited partnership interests.

We are attorneys offering to help GPB investors who made private placement investments in the following limited partnerships offered and sold by Mr. Weschke during his employment with Kalos Capital, Inc.; that is, help them to rescind their GPB investment and/or recover their GPB investment losses:

  • GPB Automotive Portfolio, LP
  • GPB Cold Storage LP
  • GPB Holdings, LP
  • GPB Holdings II, LP
  • GPB Holdings III, LP
  • GPB Holdings Qualified, LP
  • GPB NYC Development, LP
  • GPB Waste Management Fund, LP

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