Sonn & Erez Investigating Principal Protected Note Claims
October 24, 2008 -- The securities law firm of Sonn & Erez PLC (http://www.sonnerez.com or http://www.mystocklosses.com ) announces that it is investigating Financial Industry Regulatory Authority ("FINRA") securities arbitration claims to recover investment losses sustained in Lehman Brothers structured products, namely so-called "principal protected notes."
Principal protected notes are believed to have been marketed to conservative, risk-averse investors who were seeking to preserve their capital and generate income as well as share in the growth of the general market.
Contrary to a Lehman Brothers brochure that essentially represented that principal protected note investors would enjoy both "100 percent principal protection" and "uncapped appreciation potential," the notes actually subjected investors to far more risk than they were led to believe. Holders of the Lehman principal protected notes will have to wait in line in Lehman's bankruptcy with other unsecured creditors to recover what is left of their money.
Specifically, Sonn & Erez believes that many brokerage firms, including UBS, Merrill Lynch, JP Morgan, Fidelity, and Wachovia, marketed and sold the Lehman Brothers principal protected notes to their own clients.
Lehman's structured products included Suns (Stock Upside Note Securities) and Prudents (Prudential Research Universe Diversified Equity Notes). Other brokerage firms also sold their own structured products and principal protected notes, such as Mitts (Merrill's Market Index Target- Term Securities), Sequins (Citigroup's Select Equity Indexed Notes), and Propels (Morgan Stanley's Protected Performance Equity Linked Securities). In total, nearly $70 billion in structured notes were sold to investors last year alone.
Sonn & Erez is an AV-Rated law firm that represents investors nationwide in stockbroker misconduct and investment fraud cases. The firm has represented investors against most major Wall Street brokerage firms in claims involving stocks, bonds, options, auction rate securities, mutual funds, hedge funds, and other structured products. If you lost money in a Lehman Brothers structured note or principal protected note or structured products issued by another brokerage firm, please contact Jeffrey Sonn, Esq. or Jeff Erez at 1-866-372-8311 for a free evaluation.
Securities Litigation Lawyers Based in Florida, Practicing Nationwide
Securities litigation is a complex area of the law that requires the attention of an attorney experienced and knowledgeable with the myriad laws and regulations that govern the sale of securities, stocks, and investments. Sonn & Erez has the experience, knowledge and expertise to assist investors wronged by their brokers, insurance agents, or financial advisors.
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At the law office of Sonn & Erez, we are committed to providing comprehensive representation to individuals and businesses victimized by securities or stockbroker fraud. Contact our office to learn more about our practice.
Anyone holding investments can become the victim of securities fraud. We have represented many sophisticated investors and business owners who have fallen prey to a securities scam or fraud. If you suspect the loss in value your investment suffered was due to something other than a market downturn, speak with us; we analyze your facts and provide the meticulous examination of your situation necessary to bring a successful securities case.
Our lawyers supply clients with up-to-date information regarding their cases. We also offer clients information on areas that are relevant to securities litigation matters, including:
Misrepresenting or failing to disclose an investment's risks, along with unauthorized trading, are types of securities abuse some investors suffer. These are illegal actions and to protect your remaining funds, or regain the funds you have lost, it is important to hire a lawyer with a great deal of experience working with securities cases.
To help our clients establish changes in the value of their investment are due to abuse or misfeasance by their broker, we provide definitions of some of the kinds of abuse brokers may commit with client investment portfolios. We tell clients what to look for with their accounts, and how to protect themselves from future losses.
In addition to defining the different types of abuses, it is important to us that clients begin to recognize the many different examples of stockbroker or investor misconduct. By reviewing our examples, clients can familiarize themselves and recognize possibly fraudulent behavior on behalf of their broker.
If you believe you are the victim of securities fraud, do not hesitate to get in contact with a member of the firm at Sonn & Erez today.
