Securities Fraud

Posted by admin as shares and stocks

Have you suffered from stock broker investment losses or fraud?

 

Legal recovery of investment losses from protected notes.

 

A class action lawsuit has been filed for people who acquired Lehman Principal Protection Notes from UBS Monetary Services Inc., and other companies. The class action lawsuit alleges that defendants deceived investors as to the hazards of investing in the Notes and that UBS and other corporations offered and sold the Notes as suitable for investors seeking to protect their complete principal investment from investment losses. Following Lehman Brothers bankruptcy filing, Lehman Principal Protection Notes went into default, causing the holders of these Notes to become senior unsecured creditors in Lehman’s bankruptcy proceeding. These stockholders will lose all or significantly all of their principal investments unless they file a litigation claim for their investment losses.

 

You may bounce back from investment losses in structured investments that were marketed as 100 % principal protected.

 

Gilman and Pastor is at present looking into consumer complaints that certain brokerage firms, financial institutions and entities misled their clients into buying a hundred p.c principal protected notes, through assurances that their principal investment would be fully protected. Certain brokerage firms including UBS, Raymond James, Merrill Lynch, JP Morgan, Fidelity, and Wachovia, marketed and are alleged to have sold principal protected notes to their clients, specifically targeting conservative, anti-risk stockholders who were seeking to preserve their capital and generate income. In fact, these notes subjected financiers to significantly more risk than was disclosed and, following Lehman Brothers’ bankruptcy filing and other finance events in Sep , holders of these principal protected notes faced losses, in a few cases, of their entire principal investment due to fraud.

 

Why Gilman and Pastor, LLP for your Investment Losses?

Gilman and Pastor are class action lawyers and a national litigation firm specializing in securities litigation, investment losses, investment crime, consumer class actions and complex business litigation. For 30 years our attorneys have recovered more than a billion bucks for our clients for investment losses.

Class action lawyers at Gilman and Pastor LLP publishes a Class Action Legal action Against AIG and Merrill Lynch, As Well As further Inquiries of Structured Investments.

 

The countrywide legal company of Gilman and Pastor LLP with offices in Boston, Massachusetts, and Naples, Florida, claims that a class action lawsuit has been brought for people who acquired Structured Notes from AIG and Merrill Lynch. Fiscal crime is running at epidemic proportions. The newest wave of the purported highly fake investments is “structured investments”. The complaint alleges that brokerage firms and financial institutions aggressively marketed structured investments as being structured promissory observes that have complete principal protection, as contrasted to other instruments like equity-backed mutual funds that don’t provide principal protection.

 

Such structured notes subjected stockholders to noticeably more risk than could have been divulged. Holders of these supposedly principal protected notes face losses, in a few cases, of their whole principal investments. Gilman and Pastor LLP is finding that many financiers haven’t been mindful of their money plights since their financial statements generally do not reflect current value but only alleged value at maturity. Moreover, holders of these investments are unfortunately learning that most of the investments are illiquid, leaving holders without a remedy except filing a litigation claim.

 

Gilman and Pastor LLP is looking into over thirty 30 structured note issuers and more than forty banks who have issued or sold structured offerings. These include:

 

ABN AMBO Bank N.V.

AIG

Bank of America

Barclays Bank

Bear Stearns

Charles Schwab

Citigroup

Countrywide Securities

Credit Suisse

Deutsche Bank

E-Trade

Harris National Association

Incapital LLC

JP Morgan Chase

Lehman Brothers

Merrill Lynch

Morgan Keegan

Morgan Stanley

RBC Royal Bank

Societe Generale

Sun Trust Bank

UBS

Wachovia Corporation

 

The structured investments were usually offered and sold as OK for stockholders looking to protect their whole principal investment. Each of the issuers and sellers purportedly offered and emphasized the protection of principal as a chief

objective when investors are now learning they may be at risk for losing nearly all of their investment. Investors should act fast to guard their interests.

 

For almost thirty years, class action lawyers, Gilman and Pastor LLP has been one of the nation’s leading firms representing backers in securities fraud actions and litigation to correct egregious corporate practices and breaks of fiduciary duty to investment losses that exceed $100,000.