October 9, 2009 - Phil Hodgen

Did you get a letter from UBS?

While I was on the phone with one person, two calls come in. UBS customers are getting The Letter.

If you are on the receiving end of this letter, here are your choices:

  • Fight disclosure in Switzerland (I have referred clients to Swiss lawyers for this);
  • Apply for the amnesty program before the 15th; or
  • Sit tight and hope.

You do not have the option of closing the account and moving it somewhere else.

I have heard that 1,500 of the letters have been sent so far. If you have one, well, lucky you. 🙁

Busy weekend coming for me.

Voluntary Disclosure