FINRA Orders UBS to Pay 10.75 Million for Omissions in Sale of Lehman Brothers 100% Principal Protected Notes

Representing Investors Nationwide

In a Monday Arpil 11, 2011, Press Release, the Financial Industry Regulatory Authority (FINRA) announced they have fined UBS Financial Services (UBS) $2.5 million and Ordered the firm to pay $8.25 million in restitution for Omission in the marketing and sale of Lehman Brothers issued 100% principal-protected notes. In the press release, FINRA said the omissions in the sale of the notes “effectively misled” investors as to the 100% principal protected feature of the structured products.

The full press release may be found at:

The attorneys at Colling Gilbert Wright & Carter are currently litigating dozens of UBS structured product arbitration cases. If you have lost money as a result of a Lehman Brothers structured product, please contact our office for a free case evaluation. Thank you.