UBS served with arbitration claim over Lehman notes

The investor was looking for a secure investment in which to place her inheritance, says Vernon Healy, the law firm which has filed the arbitration. Her adviser at UBS concentrated 95% of her funds in index-linked Lehman-backed structured products, says the firm, and her broker assured that the investment was well-diversified owing to the variety of indexes in the underlying portfolio.

Neither the true nature of the securities or their subsequent risks were adequately disclosed to the investor, s

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