Unit Investment Trusts (UITs): What Are They, Risks, And Are They a Good Investment?

Unit investment trusts, commonly known as UITs, are a type of investment product that Wall Street has marketed to millions of everyday investors—particularly retirees and those saving for retirement through IRAs and 401(k) rollovers. At first glance, UITs can appear straightforward: a fixed portfolio of stocks or bonds, a set termination date, and the promise of diversification. But beneath that simplicity lies a fee structure and sales practice that has cost investors billions of dollars and drawn repeated enforcement actions from FINRA and the SEC. If you or someone you love has lost money in UITs—or if your broker has been repeatedly rolling your UIT proceeds into new trusts every 15 months, charging you fresh sales commissions each time—you may have grounds to recover those losses. The securities fraud attorneys at the Law Offices of Robert Wayne Pearce, P.A. have recovered more than $185 million for investors and have the experience to evaluate your situation at no cost.