NEW YORK, April 2, 2009 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes ("K&T"), www.nasd-law.com, announced today that it filed an arbitration claim against UBS (NYSE:UBS) on behalf of an investor, for losses sustained as a result of unsuitable investment recommendations. The suit was filed with the Financial Industry Regulatory Authority's (FINRA) Department of Arbitration. Instead of recommending a conservative investment strategy to reduce the investor's risk, UBS recommended a strategy that concentrated the investor's assets in the financial sector, through the use of margin, which exposed the portfolio to a substantial amount of risk. As a result, the investor sustained damages in excess of $1 million.

The claim focuses on the recommendation of the broker for the client to purchase preferred banking stocks on margin, which created a concentrated, leveraged portfolio. The strategy, which was unsuitable, was based on the preferred stocks providing a higher yield than the margin interest. However, when the market crashed in 2008, the flaw in this strategy was exposed as the preferred stocks were sold to meet margin calls. In addition to the margin claim, the concentrated position had no downside protection whereby risk management strategies could have been used to prevent extreme losses. Such risk management strategies include stop loss and limit orders, protective puts and collars.

Retail and institutional investors who have sustained losses as a result of holding concentrated positions and/or being heavily exposed to margin debt can contact K&T to explore their legal rights and options. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered investment losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.

If you wish to discuss this announcement or have lost $500,000 or more as a result of maintaining a concentrated position and/or being over-exposed to margin debt, please contact Steven D. Toskes or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956 or visit us on the web at http://www.nasd-law.com.

CONTACT:  The Securities Law Firm of Klayman & Toskes  
          Steven D. Toskes  
          Jahan K. Manasseh
          888-997-9956