We are Investigating UBS Financial Services Advisor Gerard Costello’s Association With the UBS YES Strategy
Our investment fraud lawyers are investigating claims related to UBS Financial Services broker Gerald Costello and the UBS Yield Enhancement Strategy. If you suffered financial losses, we are here to help. Contact us or call 866–827–3202 today for a confidential initial consultation.
Gerard Joseph Costello (CRD#: 1551511) is a FINRA broker and registered investment advisor (RIA). Since 2015, Mr. Costello has been associated with UBS Financial Services in New York, New York. Prior to that, he was employed at Credit Suisse Securities (2003 to 2015).
In December of 2018, an investor filed a claim against Mr. Costello alleging that this financial advisor recommended a complicated options trading strategy using misleading marketing materials and without making adequate financial disclosures.
Mr. Costello vehemently denied these allegations. Additionally, BrokerCheck indicates that this customer complaint was denied.
The UBS Yield Enhancement Strategy Performed Poorly in Volatile Market Conditions
The underlying dispute in this case involves the UBS Yield Enhancement Strategy or YES Strategy. In recent months, a number of different claims have been filed by investors seeking to recover financial compensation for their YES Strategy losses. This complex options trading strategy reportedly performed poorly in the volatile market environment of the fourth quarter of 2018. In general, investors filing claims are alleging unsuitable investment recommendations and/or failure to adequately disclose risks.
Sonn Law Group has a great deal of experience in representing investors who have sustained losses due to the negligence or misconduct of their broker and/or brokerage firm, including cases involving complex options strategies. We will aggressively pursue claims to recover your Yield Enhancement Strategy or other investment losses.
If you are looking for an investment fraud attorney to review your rights and options, the investment fraud lawyers at Sonn Law Group represent individual and institutional investors who have lost money as a result of unsuitable investment advice, negligent advice, investment fraud or stockbroker misconduct. Our attorneys have helped to recover more than $250 million in assets lost to investment fraud, securities fraud, Ponzi schemes, and stockbroker misconduct. To set up a free, no obligation review of your case, please call us now at 866–827–3202 or contact us online.