Omega Management logo

S.E.C. Reaches Landmark Financial Settlement with UBS Financial Services Regarding the Yield Enhancement Strategy (YES) | Business


Zamansky LLC announces that the United States Securities and Exchange Commission (SEC) has today reached a $25 million settlement with UBS Financial Services Inc. (UBS) regarding its sale of the UBS Yield Enhancement Strategy (YES).

The SEC settlement provides that certain UBS-YES investors who purchased from February 2016 through February 2017 will be able to recover some of their losses from investing in the strategy. The settlement pays disgorgement of $5.8 million, pre-judgment interest of $1.4 million and a civil penalty of $17.4 million.

To find out if you are eligible to recover your YES losses under the settlement, you can contact securities fraud attorney Jake Zamansky.

YES investors may also recover their losses…

Read more…