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Investment Products

Recover Losses From UBS’ “Yield Enhancement Strategy”

Recover Losses From UBS’ “Yield Enhancement Strategy”

UBS’ “yield enhancement strategy” was sold to investors as a safe, conservative investment strategy, so many “YES” investors were shocked to discover steep 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 not properly explained…

Investor Alert – Scott William Palmer and Janney Montgomery Scott

Investor Alert – Scott William Palmer and Janney Montgomery Scott

Investor attorneys Mika Meyers, PLC are interested in talking to former customers of Scott William Palmer of Hackensack, New Jersey, who was recently barred from the securities brokerage industry and fired by his employer, Janney Montgomery Scott, following allegations that he over-concentrated customer accounts in energy-sector investments. At least nine customers have brought FINRA arbitration actions against Palmer…

Investor Alert – Jeffrey Nimmow and Forest Securities, Inc.

Investor Alert – Jeffrey Nimmow and Forest Securities, Inc.

Stock broker Jeffrey Nimmow of Chicago, Illinois  (CRD#: 2693601), and his former employer, Forest Securities, Inc., were recently named as Respondents in two FINRA arbitration actions brought by customers who allege sales-practice violations relating to non-registered, non-exempt securities. The customers allege that they were solicited to purchase investments issued by the Woodbridge group…

Investor Alert – Noel Ray Vincent and Madison Avenue Securities

Investor Alert – Noel Ray Vincent and Madison Avenue Securities

Since 2016, stock broker Noel Ray Vincent (CRD#: 1370987) of Southfield, Michigan, and his former employer, Madison Avenue Securities, have been named as Respondents in six FINRA arbitration actions brought by customers who allege that Vincent made unsuitable investment recommendations to them. The customers have also variously alleged breach of fiduciary duty…