Monthly Archives: June 2022
Did you invest in UBS’s Yield Enhancement Strategy known as YES?
If so, you may be able to participate in the $17.4 million civil penalty which UBS has agree to pay to distribute to harmed investors. If you have lost money by investing in the YES program, contact Gregory Tendrich at (561) 417-8777 for a review of your case and a discussion of your legal options…. Read More »
FINRA cracks down on unapproved WhatsApp communications
Published reports indicate that FINRA has begun to crackdown on advisors (and the firms who they are affiliated with) who use this popular app to communicate with customers. It is especially popular with foreign clients. The problem stems from the fact that most firms are unable to capture or monitor these communications thereby creating compliance… Read More »
Outside Business Activities – Duty to Disclose and Obtain Firm Approval
According to published reports, FINRA recently took action against an advisor for failing to disclose an outside business he established while at the firm. In addition to establishing the new company, the advisor, Patrick R. Murray, while associated with UBS Wealth Management USA, made capital contributions to the business, paid a vendor in excess of… Read More »