08/26 Merrill Lynch and UBS Group AG are being Investigated for Sales of Unsuitable Investments
Oklahoma City, OK (August 23, 2019) – Federman & Sherwood has initiated an investigation of Merrill Lynch and UBS Group AG. UBS Group AG (NYSE: UBS) sold a very complex investment strategy called Yield Enhancement Strategy (YES). Merrill Lynch sold a similar product called the Collateral Yield Enhancement Strategy (CYES). The primary strategy of these complex trading strategies, both of which utilized leverage and borrowed money putting investors at further risk, is called an “Iron Condor”. This involves simultaneously entering into multiple option positions at the same time while essentially betting on the volatility of the market and certain indexes. […]