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Zamansky LLC Has Filed Another FINRA Arbitration Against UBS Financial Services on Behalf of Investors in the UBS Willow Fund
Date:12/24/2013

New York, New York (PRWEB) December 24, 2013

Zamansky LLC has filed another FINRA arbitration on behalf of Connecticut-based investors in the UBS Willow Fund LLC (“UBS Willow Fund”). The case is against UBS Financial Services, Inc., the brokerage firm which sold them the UBS Willow Fund and is FINRA No. TN 1301476.

The Statement of Claim in the arbitration alleges that the UBS Willow Fund was a purported distressed debt fund that was recommended and sold by UBS Financial Services to its brokerage customers. The Statement of Claim alleges that the UBS Willow Fund materially deviated from its disclosed strategy of investing in distressed debt, and instead speculated in foreign sovereign debt credit default swaps (CDS). The Statement of Claim alleges that these foreign sovereign CDS 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, and that these CDS eventually sank the UBS Willow Fund causing it to suffer 70% or more losses. The investor alleges claims of unsuitability, breach of fiduciary duty and failure to properly supervise and seeks damages for the losses incurred.

The problems associated with the UBS Willow Fund are discussed in a March 30, 2013 article entitled A Fund Turns On A Dime, Watch Your Dollars," by Gretchen Morgenson, New York Times. According to stock fraud attorney Jacob Zamansky, "investors in hedge funds should monitor their investments for possible style drift by the fund manager." "Style drift can violate the terms of a hedge fund's offering memorandum or mislead investors if it is not disclosed," Zamansky states. Zamansky believes that any investor in a hedge fund with a loss that does not make sense to him or her should have the fund reviewed by a professional.

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 stockbroker fraud law firms specializing in securities class actions and FINRA securities arbitration. We are stock fraud attorneys who 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, please visit our website, http://www.zamansky.com.

Contacts

Zamansky, LLC
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414
jake(at)zamansky(dot)com

Read the full story at http://www.prweb.com/releases/2013/12/prweb11445214.htm.


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