June 21, 2017 Comments (0) Current Investigations

Buffered Strategic Equity Exposure Performance Linked Securities (STEEPLS) Investment Losses

Buffered STEEPLS
(Last Updated On: July 20, 2017)

Investigating Potential Claims involving Buffered STEEPLS

Have you suffered losses investing in Buffered STEEPLS (Strategic Equity Exposure Performance Linked Securities) sponsored by Bank of America? If so, the attorneys at The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.

Bank of America’s Buffered STEEPLS are senior debt securities. According to the prospectus, “Buffered STEEPLS provide you with an opportunity to participate in the potential appreciation of one or more securities or securities indices (the “Underlying Equity”).

The securities are only partially principal protected, and the amount that you receive at maturity may be less than the face amount of your Buffered STEEPLS. You may lose up to a specified percentage of your investment in the Buffered STEEPLS. The amount that you receive at maturity will be based upon the level of the Underlying Equity shortly before the maturity of your Buffered STEEPLS.

Buffered STEEPLS will not be listed on any stock exchange. There may be little or no secondary market for your Buffered STEEPLS.”

Free Consultation

Brokerage firms have a fiduciary duty to their customers to perform due diligence on any investment prior to recommending it for sale and to ensure that the investment is appropriate.  Brokerage firms also are responsible for determining whether an investment is appropriate in light of a particular investor’s age, investment experience, and investment objective.  Firms that fail to perform adequate due diligence or that make unsuitable recommendations can be held responsible for investment losses in a FINRA arbitration claim.

If you have suffered losses investing in Buffered Strategic Equity Exposure Performance Linked Securities (STEEPLS) would like to speak to a securities attorney about your ability to recover your losses, please call 888-637-5510 for a free consultation.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.