US distributors in the limelight as new mis-selling cases arise

Several law firms dedicated to handling investment loss recovery cases have initiated a formal investigation of UBS, Credit Suisse, Morgan Stanley and Merrill Lynch, in connection with their sales practices related to Yield Enhancement Strategies (YES). According to the law firms, YES strategies were presented as investment opportunities to provide additional income in this historic low interest rate environment. UBS is receiving the most recent scrutiny as the subject of investor-initiated Fin