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Industry News

Recover Losses From UBS’ “Yield Enhancement Strategy”

Recover Losses From UBS’ “Yield Enhancement Strategy”

UBS’ “yield enhancement strategy,” also known as “YES,” was sold to investors as a safe, conservative investment strategy, so many YES investors were shocked to discover massive losses in their accounts in 2018 and 2019.  The investors were reportedly unaware that they could sustain losses of such magnitude in the YES program because the  strategy was…

Mika Meyers, PLC Moves to Intervene in SEC Enforcement Action on Behalf of Investor Defrauded By First Nationle Solutions, LLC and Perry Santillo

Mika Meyers, PLC Moves to Intervene in SEC Enforcement Action on Behalf of Investor Defrauded By First Nationle Solutions, LLC and Perry Santillo

After obtaining a $512,000 judgment for clients in a high-profile securities fraud case against First Nationle Solutions, LLC and Perry Santillo, attorneys at Mika Meyers, PLC are now seeking to intervene in an SEC enforcement action filed against the fraudsters in federal court in New York in order to request that the court…

SEC Investor Bulletin Warns of Risks Associated With Initial Coin Offerings

SEC Investor Bulletin Warns of Risks Associated With Initial Coin Offerings

In July, the SEC issued an Investor Bulletin to raise awareness of the risks associated with Initial Coin Offerings, which are investment offerings made by “virtual” organizations utilizing distributed ledger or blockchain technology. [1] The virtual coins or tokens that are issued in these offerings are typically offered and sold on the basis that…