Professor Elam

Weekend August 25, 2019

Investment lawyers are trolling for clients in yet another welath management fiasco.

YES stands for Yields Enhancement Strategy. The scheme was first marketed at Crediit Suisse and then at UBS.

Here is a further explanation of the 'Iron Condor' scheme.

If it involves,

wealth management

color coded graphs

images of giant birds

and lot so of exotic option strategies,

WATCH OUT

Another reason to study accounting is to be come sophisticated in such a manner that one can spot such potential scams. This was a lengthy article in the weekend WSJ>.