Yield Enhancement Strategy has generated at least $60m in losses for clients and more than two dozen customer complaints

Former Reporter

A complex investment strategy pitched as low-risk by stockbrokers at UBS has triggered a backlash from clients of its securities unit.

The strategy, called Yield Enhancement Strategy, or YES, has generated at least $60m in losses for clients and more than two dozen customer complaints, according to a lawyer for the investors.

UBS faces client backlash over losses from complex options strategy

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