Posts tagged ‘structured product fraud law firm’
Have you suffered losses in a structured product created by UBS? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through FINRA arbitration.
The White Law Group is investigating the liability that FINRA registered brokerage firms would have for improperly selling structured products, like those created by UBS, to their clients.
Structured products are typically debt instruments or notes created by investment sponsors that are linked to other assets, such as a stock, which is in turn linked to an asset or assets. Structured products are extremely complex investments that are only appropriate for sophisticated investors capable of understanding the investments complexity and risks.
Since structured products typically offer an income component, these investments often appeal to retirees living on a fixed income. Brokerage firms continue to push these structured products because of the high commissions associated with their sale and creation.
The White Law Group is specifically investigating several of the structured products created by UBS. Those structured products include UBS 100% principal protection notes, UBS Yield Optimization Notes with Contingent Protection, UBS Bullish Underlying Linked Securities (UBS BULS), and UBS Enhanced Appreciation Securities (UBS EAS).
Based on what is currently known, it appears that investors in these products may have claims to recover their investment losses.
To speak with a securities attorney regarding your losses in a UBS structured product, please call The White Law Group at 312/238-9650 for a free consultation. The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, visit the firm’s website at http://www.whitesecuritieslaw.com.
According to reports, Merrill Lynch has agreed to pay a $450,000 fine and accept a censure in a case involving supervision of structured-product sales.
In a settlement agreement with the Financial Industry Regulatory Authority Inc. (FINRA), FINRA claims that from 2006 through March 2009, Merrill Lynch did not have an automated compliance reporting system to flag potentially unsuitable concentrations of structured products in customer accounts.
Merrill generally relies on such automated reports in its oversight system and in ensuring that financial advisor recommendations are appropriate.
During the time period at issue, Finra said the firm’s customers made 650,000 purchases of structured products and that more than half of the products were issued by Merrill Lynch’s parent company.
The sale of complex and risky “structured products” has increased in the securities industry and this fine just underscores the focus FINRA has on the sales practices used by firms in recommending these products.
The White Law Group continues to file FINRA arbitration claims to help investors recover losses in structured products. Often times, broker-dealers fail to adequately disclose the risks and mechanizations of these complex products in derogation of their fiduciary duty to their clients.
To speak to a securities attorney regarding a structured product you purchased, please call the securities attorneys of The White Law Group at 312/238-9650 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm based in Chicago, Illinois and Boca Raton, Florida. For more information on the firm, visit http://www.whitesecuritieslaw.com.