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FINRA Holds UBS Liable to Lehman Brothers Principal Protected Notes Investors
Posted 5 months ago |
A FINRA arbitration panel in New York last week ordered UBS to pay $432,000 to two of its brokerage clients who purchased Lehman Brothers principal protected notes. UBS was also ordered to pay the investors’ attorneys’ fees of $53,000, plus other expenses.
This is yet another success for investors in a series of awards against UBS for its sale of Lehman Brothers principal protected notes. These securities were typically recommended by UBS as safe investments. Many investors allege they were not warned of the risks of the “100 percent principal protected notes'' that are now almost worthless as a result of the Lehman Brothers bankruptcy.
The securities law firms Blum & Silver, LLP and Sallah & Cox, LLC are representing investors in FINRA arbitration claims who suffered losses at UBS as a result of losses in Lehman principal protected notes and Lehman preferred shares. Please contact us for more information.
This is yet another success for investors in a series of awards against UBS for its sale of Lehman Brothers principal protected notes. These securities were typically recommended by UBS as safe investments. Many investors allege they were not warned of the risks of the “100 percent principal protected notes'' that are now almost worthless as a result of the Lehman Brothers bankruptcy.
The securities law firms Blum & Silver, LLP and Sallah & Cox, LLC are representing investors in FINRA arbitration claims who suffered losses at UBS as a result of losses in Lehman principal protected notes and Lehman preferred shares. Please contact us for more information.