Zamansky LLC Files A FINRA Arbitration To Recover Losses Suffered By West Coast Investors In The UBS Willow Fund
May 25, 2014
New York, NY (Law Firm Newswire) May 25, 2014 – Zamansky LLC announces that it has filed a FINRA arbitration for West Coast couple who claim to have suffered approximately $750,000 in losses from the UBS Willow Fund LLC (“UBS Willow Fund”). The FINRA arbitration is against UBS Financial Services Inc. (“UBS”) which sold the UBS Willow Fund to its brokerage customers. In 2013, the UBS Willow Fund finally liquidated after investors suffered 70% or more in losses.
The Statements of Claim alleges that the UBS Willow Fund materially deviated from its disclosed strategy of investing in distressed debt, and instead speculated in trading credit default swaps (CDS), including foreign sovereign debt CDS. The Statement of Claim alleges that the CDS trading carried risks that were far greater in magnitude and different in nature than those disclosed to investors. The Statement of Claim also alleges that investors were never made aware of the change in fundamental strategy in the UBS Willow Fund’s strategy, which eventually sank the UBS Willow Fund causing it to suffer 70% or more losses. The investors assert claims of unsuitability, breach of fiduciary duty and failure to properly supervise and seek damages for the losses incurred.
The problems associated with the UBS Willow Fund were discussed in a March 30, 2013 article entitled “If A Fund Turns On A Dime, Watch Your Dollars,” by Gretchen Morgenson of the New York Times.
According to securities attorney, Jacob Zamansky, any investor in the UBS Willow Fund who suffered a loss may wish to have their situation reviewed for a potential claim. The UBS Willow Fund was a defective “investment product,” he states, which did not work as expected by our clients, and other investors likely experienced the same common problem.
What UBS Willow Fund Investors Can Do
If you invested in the UBS Willow Fund, and would like to have your brokerage accounts reviewed or discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is one of the leading law firms specializing in securities fraud, FINRA arbitration and class action litigation. Our FINRA attorneys represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.
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