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Home > Investment Firms Under Investigation > UBS Wealth Management

UBS Wealth Management

Huge subprime losses, legal battles and lack of investor confidence have resulted in unprecedented turmoil at UBS. Beginning in 2008, state and federal investigations into the marketing and sales of auction-rate securities revealed that UBS had misrepresented billions of dollars worth of the auction-rate notes to individual investors and institutional investors as safe, “cash equivalents.”

UBS also is at the center of a class-action lawsuit and FINRA arbitration claims filed on behalf of individual investors who were sold Lehman Brothers structured notes. UBS, along with a number of brokerage firms, sold the structured notes to retail investors with a guaranteed principal protection from Lehman Brothers. The guarantee meant that investors would at least receive their initial investment back.

When Lehman Brothers filed for bankruptcy protection on Sept.15, 2008, the guarantee of principal protection became worthless, as did the Lehman notes. Many investors contend that UBS made false and misleading statements about the structured notes and omitted material facts about the risks associated with the investments.

If you are an individual or institutional investor and have concerns or questions about your UBS investments, contact Mark Maddox. We can evaluate your situation to determine if you have a claim.


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