Spitzer Sues UBS Over "Wrap" Accounts
The lawsuit accuses UBS of moving “inappropriate clients” from regular brokerage accounts into a program called InsightOne, despite that program’s far higher costs for those investors, Spitzer’s office said.
UBS falsely promoted InsightOne as providing personalized advice and other financial planning services, the complaint charges.
Filed in New York Supreme Court in Manhattan, the lawsuit charges UBS...
To view the full article, register now.