INVESTOR ALERT: Zamansky LLC Announces Investigation of Bank-Issued Structured Notes Linked To Oil Prices And Foreign Market Indexes
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 email@example.com
or call the law firm at (212) 742-1414.
About Zamansky LLC
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150918005058/en/
Copyright Business Wire 2015
Source: Business Wire
(September 18, 2015 - 9:30 AM EDT)
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