INVESTOR ALERT: Zamansky LLC Announces Investigation of Bank-Issued Structured Notes Linked To Oil Prices And Foreign Market ...
September 18 2015 - 9:30AM
Business Wire
Zamansky LLC announces it is investigating potential claims by
investors with brokerage accounts over structured notes issued by
Barclays Plc (NYSE:BCS), Morgan Stanley (NYSE:MS), Deutsche Bank
(NYSE:DB), UBS, A.G. (NYSE:UBS), Citigroup (NYSE:C), Bank of
America Merrill Lynch (NYSE:BAC), JPMorgan Chase & Co.
(NYSE:JPM), Credit Suisse (NYSE:CS), BNP Paribas and other
financial firms. The structured notes often have unique and exotic
names such as: Accelerated Return Notes; Strategic Return Notes;
Capped Leverage Return Notes; Target Term Securities; Market Linked
Notes; E-Tracs; Return Optimization Notes; Auto-Callable
Securities; Performance Leveraged Upside Securities (PLUS); and
Equity Linked Securities (ELKs).
The investigation is focused on structured notes issued by these
brokerage firms linked to oil and gas prices, which have suffered
substantial losses over the last two years. For instance, in April
2014, Barclays Plc issued $104.6 million of 14-month notes tied to
WTI crude oil prices, which have since suffered 40% losses. The
investigation is also focused on structured notes linked to the
MSCI EAFE index, Brazil and other distressed foreign markets and
indexes. As investments in these sectors have crashed, structured
products linked to performance have lost significant value for
investors.
This investigation follows the August 24, 2015 Risk Alert issued
by the Securities and Exchange Commission (“SEC”), which analyzed
26,600 structured product transactions totaling $1.25 billion, and
found a significant number of instances in which the investments
were unsuitable for the purchasers’ investment objectives and
needs.. The SEC also found that brokerage firms’ supervision of
sales of structured products and their supervisory procedures were
weak and insufficient.
Jake Zamansky, securities fraud attorney, believes that the SEC
findings confirm what he has seen over the years. He believes that
structured notes, particularly those tied to volatile markets or
oil prices, are too risky and unsuitable for retirees or investors
seeking conservative or moderate risk investments. He believes that
brokerage firms issue and sell structured notes to generate fees,
commissions and trading profits, often without regard to whether
they are suitable for investors who are advised to purchase
them.
What Structured Note Investors Can Do
If you would like to have your structured note investment
reviewed to determine if you were sold an unsuitable investment, or
to discuss your legal rights and how you might recover your losses,
you may, without obligation or cost to you, email Jake Zamansky at
jake@zamansky.com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is one of the leading law firms specializing in
securities fraud and financial services arbitration and class
action litigation. We represent both individual and institutional
investors. Our practice is nationally recognized for our ability to
aggressively prosecute cases and recover losses.
To learn more about Zamansky, please visit our website,
www.zamansky.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150918005058/en/
Zamansky LLCJake Zamansky, 212-742-1414jake@zamansky.com
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