Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

UBS Agrees to Pay $25 Million to Settle SEC Fraud Charges Related to YES

Posted on July 13th, 2022 at 3:33 PM
UBS Agrees to Pay $25 Million to Settle SEC Fraud Charges Related to YES

From the Desk of Jim Eccleston at ÍøÆØ³Ô¹Ï:

The Securities and Exchange Commission (SEC) has agreed to a settlement with UBS Financial Services. The firm has agreed to pay $25 million to settle fraud charges pertaining to a complex options trading strategy known as YES, or Yield Enhancement Strategy. 

UBS marketed and sold YES to nearly 600 investors via its domestic financial advisor platform between February 2016 and February 2017, according to the SEC. The SEC alleged that UBS failed to provide its financial advisors with adequate training and supervision related to the YES investments. Although UBS recognized and recorded the substantial risks associated with the YES investments, the firm failed to share this material information with investors or its advisors, according to the SEC. 

The SEC further alleged that UBS’s advisors marketed the strategy without sufficiently understanding the risks associated with the YES investments or a reasonable belief that the advice provided was in the best interest of their clients. Without admitting or denying any of the SEC’s investigatory findings, UBS agreed to pay a civil penalty of $17.4 million, disgorgement of $5.8 million and prejudgment interest of $1.4 million. 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, sec, YES

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

ÍøÆØ³Ô¹Ï just wanted to say thanks for your work in helping us get back some of the money we lost. ÍøÆØ³Ô¹Ï are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. ÍøÆØ³Ô¹Ï really appreciate the work you did.

Allan and Adele

LATEST NEWS AND ARTICLES

1784134373 Law
July 15, 2026
LPL Financial Faces Class Action Over Phoenix Annuity Disclosures

LPL Financial faces a proposed class action lawsuit alleging that the firm failed to warn annuity investors about the declining financial condition of Phoenix PHL Variable Insurance Company.

1784046159 Law
July 14, 2026
Mariner ÍøÆØ³Ô¹Ïalth Advisors Reports Data Breach Affecting Nearly 9,000 Customers

Mariner ÍøÆØ³Ô¹Ïalth Advisors LLC disclosed a data breach that exposed personal information of 8,995 customers, according to AdvisorHub.

1783957061 Law
July 13, 2026
FINRA Warns of Growing Risks From Finfluencers and AI-Driven Investment Content

Financial Industry Regulatory Authority (FINRA) regulators are raising concerns about the increasing influence of social media personalities and artificial intelligence (AI) on retail investors, particularly those managing their own investments without professional guidance.