National investment fraud lawyers KlaymanToskes is investigating Kathleen Entwistle (CRD# 2832985) after the Morgan Stanley broker and investment advisor received two investor complaints alleging nearly $3,000,000 in damages due to an options overlay investment strategy.
Investors that suffered losses with Kathleen Entwistle may be entitled to a financial recovery. Contact Lawrence L. Klayman, Esq. at (866) 460-4957 or lklayman@klaymantoskes.com for a free and confidential consultation.
According to FINRA BrokerCheck, Kathleen a/k/a Kathy Entwistle has two disclosed investor complaints. The first complaint, filed in August 2021, alleges violations of Regulation Best Interest and misrepresentation with respect to status and performance of investments. The complaint is currently pending and alleges $2,433,075.74 in damages for activities that took place at both UBS Financial Services and Morgan Stanley.
The most recent complaint, filed in November 2022, alleges unsuitability and misrepresentation with respect to recommendations to invest in and hold an options overlay strategy. The complaint is currently pending and alleges damages of $500,000.
Kathleen a/k/a Kathy Entwistle (CRD# 2832985)
Over the past few years, UBS Financial Services has come under fire for its Yield Enhancement Strategy (YES) – presented to investors as a conservative options overlay strategy known as an Iron Condor. The Iron Condor strategy trades call and put options on the S&P 500. UBS characterized the strategy as having limited correlation to the market and having downside protection. Instead, the UBS YES program has shown significant correlation to the markets.
According to securities attorney Lawrence L. Klayman, “The rise in options overlay strategy investor complaints may indicate systemic issues within firms who recommended the strategy to their customers. It also extends to the financial professionals who perpetuate its use, including, but not limited to, representatives of UBS Financial Services and Morgan Stanley.”
If you suffered investment losses as a result of your brokerage firm or financial advisor utilizing an options overlay strategy, contact Lawrence L. Klayman, Esq. at (866) 460-4957 or lklayman@klaymantoskes.com to discuss your potential case.
KlaymanToskes offers legal services on a contingency fee basis, meaning we do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
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lklayman@klaymantoskes.com
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