Gilman Law LLP’s Naples Florida Office is investigating claims on behalf of UBS investors sold short ETFs. Short leveraged ETFs are extremely volatile and do not correlate with the underlying index that the investments are designed to track. UBS failed in its duty to supervisors its financial advisors recommendations in these products. UBS’ failure to monitor short trading investments closely is not limited to short ETF sales, UBS was recently fined $12 million dollars by FINRA for systematic failures regarding its supervision of short selling procedures. Millions of sale orders were improperly marked as sales of long stock positions, which resulted in naked short violations by UBS.
Gilman Law LLP’s Naples Florida Office is a leading securities law firm and is here to help you recover for losses sustained investing with UBS. For a free evaluation of your case, please fill out our online form, or if you need to speak with an attorney right away CALL (1-239-221-8401).