The Financial Industry Regulatory Authority (FINRA)found UBS misled investors by way of omitting certain information in the sale of Lehman Brothers backed 100% principal protected notes. As a result of the finding, UBS has issued a Letter of Acceptance, Waiver and Consent (AWC) for the purpose of proposing settlement of the FINRA allegations. A condition on the condition no further action will be taken against the firm.
The attorneys at Colling Gilbert Wright and Carter are currently litigating dozens of Lehman Brothers structured product arbitration claims. If you have lost money as a result investing in a UBS structured product, please contact our office for a free case evaluation. Thank you.