New York Spencer Track Ventures, Inc., and Spencer Track & Co. v.UBS Securities LLC and Bank of America, N.A. is a case involving the mismanagement of funds invested by New York Spencer Track Ventures, Inc. (“NYSTV”) and Spencer Trask & CoStockST&Co.”). The case was filed in the United States District Court for the Southern District of New York on October 6, 2016. The defendants in the case are UBS Securities LLC and Bank of America, N.A. (collectively BAFAfA”). UBS/BofA were the investment advisers for NY STV and Stock. And are alleged to have mismanaged the funds invested by the plaintiff. NY STV and Stock. Are seeking damages for their financial losses due to UBS/BFA’s actions. The plaintiff’s claims againsBAFAfA include breach of fiduciary duty, negligent misrepresentation, fraud, and unjust enrichment. The plaintiffs allege that UBS/BFA made false representations to them, failed to adequately manage their investments, and failed to disclose all relevant information regarding their investments. The plaintiffs are seeking to recover damages for their losses as a result of UBS/BFA’s actions. The types of funds invested by NY STV and Stock. Include equity investments, private equity funds, venture capital funds, hedge funds, and real estate funds. The case is ongoing and no decision has been made yet.