Bancorp International Group Inc (fka BCIT)

[AlanC]

Looks like FINRA is going to need to add more arbitrators based on the number of cases being filed for hearings. Go BCIT!!!

Silver Law Group Continues to Pursue FINRA Arbitration Claims for Investors in UBS Willow Fund

Silver Law Group 6 hours ago GlobeNewswire


BOCA RATON, Fla., Jan. 8, 2015 (GLOBE NEWSWIRE) -- Silver Law Group announces its continued investigation on behalf of the UBS Willow Fund investors. According to UBS Willow Fund's SEC filing reported March 7, 2013, the Fund's Board of Directors approved the orderly liquidation of the Fund on October 15, 2012. According to the SEC filing, "the Fund is proceeding with a gradual disposition of its portfolio of investments." The liquidation of the Willow Fund has caused large realized losses for the investors. Since the liquidation of the Willow Fund, many investors have filed FINRA arbitration claims against UBS Financial Services in an effort to recover allegedly improper losses.

According to SEC filings, the Manager of the UBS Willow Fund was a joint venture between UBS Alternative and Quantitative Investments LLC ("UBS A&Q") and others. UBS A&Q is the managing member of the Manager, a wholly owned subsidiary of UBS AG. UBS Financial Services, a wholly-owned subsidiary of UBS Americas, acted as a placement agent for the Fund. This structure for alternative investments enabled UBS to be vertically integrated into almost every part of the process from start to finish. The Fund's investment objectives were to maximize total return with low volatility by making investments in distressed investments. UBS served in many roles to the Fund and several investors have alleged that UBS failed to disclose known risks about the Willow Fund or to put UBS' own interests ahead of the investors.

According to UBS Willow Fund's SEC filing on September 6, 2013, Report to Shareholders, "The Fund does not hold investments as of June 30, 2013." Scott Silver, managing partner of the Silver Law Group explains, "The 2012 total return for member investors was reportedly down 89.21%. This type of mismanagement of fund assets has left investors devastated." According to SEC filings, "The Fund's investment objective was to maximize total return with low volatility by making investments in distressed investments." Mr. Silvers asserts, "UBS Financial Services promoted its relationship to the Willow Fund and investors relied upon UBS global reputation."

Silver Law Group is a nationally-recognized securities and investment fraud law firm with offices in New York and Florida, representing investors worldwide with their claims for losses due to stockbroker misconduct and brokerage firm negligence in securities litigation and arbitration matters. Silver Law Group received a Martindale-Hubbell(R) Peer Review Ratings(TM) of "AV" for achieving the highest ethical and legal ability standards. We have successfully recovered multi-million dollar awards for our clients against the country's top brokerage houses for claims relating to alternative investments, stocks and bonds. If you invested in the UBS Willow Fund and would like to discuss your legal rights, you may contact us at [e-mail] or call the law firm at 800-975-4345. Additional information is available at www.silverlaw.com or www.willowfundlosses.com.

Destination url: http://silverlaw.com/media/news-releases/silver-law-group-continues-to-pursue-finra-arbitration-claims-for-investors-in-ubs-willow-fund

Contact:

Scott L. Silver, Esq.
Silver Law Group
11780 W. Sample Road
Coral Springs, FL 33065
800-975-4345 (Toll Free)