Blog
UBS Fined By FINRA For Lehman Principal Protected Note Meltdown
April 12, 2011
The Financial Industry Regulatory Authority imposed a $2.5 million fine on UBS AG’s (UBS) wealth-management services unit and ordered $8.25 million in restitution in settlement of charges that it had misled investors about the risk of default in certain Lehman Brothers Holdings Inc. notes. In the months leading up to Lehman’s collapse, UBS Financial Services […]
Read More
FINRA Issues Regulatory Notice Aimed at Principal Protected Notes
January 7, 2010
FINRA has issued a regulatory notice this month that stresses the need for brokerage firms to disclose the risk to investors in so-called Principal-Protected Notes. The notice, which may be viewed here, cautions firms from overstating the level of protection inherent in this structured product. When marketing this product, firms may overstress the principal protection […]
Read More
UBS Held Liable In Lehman PPN FINRA Arbitration
December 4, 2009
According to the WSJ today: In what will likely be a closely studied ruling, a retail investor was awarded $200,000 after a Financial Industry Regulation Authority arbitration panel decided the investor’s UBS AG (UBS) broker inappropriately sold her risky Lehman Brothers principal protected notes. The case is one of the first involving the Lehman notes […]
Read More
Lehman Structured Product and Lehman Principal Protected Notes (PPNs) – Recovering and Valuing Losses
August 2, 2009
If you own a Lehman Brothers structured product issued in Europe, the basic components you are ultimately invested in are a bond and an option. The bond is a zero coupon, which means it is issued at a price well below par. The value you have in the bond is whatever price you have bought […]
Read More
NH Pursues UBS – Lehman Principal Protected Notes
June 24, 2009
Mark Rufo said he thought he had found a “good conservative investment” for his 88-year-old mother when, in 2007, he put $26,000 of her money with UBS Financial Services in Concord. The Nashua lawyer bought Asian Currency Basket Principal Protected Notes. Asian currencies appeared stable at the time, especially compared with the debacle of a […]
Read More