NEW YORK--(BUSINESS WIRE)--Zamansky LLC is investigating losses suffered by investors in various structured products that resulted from the Coronavirus stock market crash the past two weeks. As the DJIA fell from its peak of over 29,000 to 21,200, investors holding structured notes linked to the S&P 500, Russell 1000 Index or individual stocks may have unexpected large losses. The law firm is investigating potentially unsuitable sales of these structured notes to conservative or moderate investors.
Over the last several years, billions of dollars of structured notes have been issued by UBS, A.G. (NYSE: UBS), Barclays Plc (NYSE: BCS), Morgan Stanley (NYSE: MS), Bank of America Merrill Lynch (NYSE: BAC), and JPMorgan Chase & Co. (NYSE: JPM). The structured notes are often linked to a reference security or index such as the S&P 500, Russell 1000 Index or even an individual stock, and may have names such as: Autocallable Securities; Callable Yield Notes; Accelerated Return Notes; Strategic Return Notes; Trigger Performance Securities; Capped Leverage Return Notes; Target Term Securities; Market Linked Notes; E-Tracs; Return Optimization Notes; Performance Leveraged Upside Securities (PLUS); and Equity Linked Securities (ELKs).
According to Jake Zamansky, securities fraud attorney, these structured notes are not suitable for conservative or retiree investors who seek safe yield. The notes, which can be hard to understand, may have triggers or call features which put steep losses on investors when markets are volatile. Market events like the Coronavirus crash of these past few weeks can lead to investors suffering large losses on these notes that they never knew were possible.
What Structured Note Investors Can Do
If you have suffered a loss on a structured note, the law firm will review your investment to determine if you were sold an unsuitable investment and have the legal right to recover your loss, without obligation or cost to you. To set up an evaluation, email Jake Zamansky at firstname.lastname@example.org or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is one of the leading law firms with a practice focused on 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.