Securities Lawyers Investigate Losses In UBS Willow Fund Hot
According to a press release, "many investors were advised that the Fund was a safe, low risk product." The Fund has declined about 80%.
"K&T is investigating whether UBS adequately disclosed the risks associated with the Willow Fund," says the release, "as well as whether investors’ portfolios were over-concentrated in the Fund."
The individual brokers and advisors who sold the Willow Fund are not the target of this investigation.
K&T is looking into UBS’s conduct in connection with its marketing of the Fund to its customers, and whether the Willow Fund deviated from its disclosed strategy of investing in distressed debt and instead started speculating in foreign sovereign debt credit default swaps. It is believed that credit default swaps eventually led to the collapse of the fund, and caused investors to lose a substantial portion of their investment.
This Website Is For Financial Professionals Only
- Investment Adviser Charged By SEC For Failing To Adopt Proper Cybersecurity Polices And Procedures
- An Open Letter To SEC Chair Mary Jo White: Please Modernize The RIA Testimonial Rule So That Consumers Could Rely On The Web To Connect Them With The Best Advisors
- RIA Brochure Delivery Rule: Do I Really Have To Deliver This "Thing" To Clients If I Made No Material Changes Since Last Year?
- Accused By State Securities Regulators Of Falesly Advertising He Acted As A Fiduciary, Illinois Advisor Says He’s Done Nothing Wrong