Blog Topic

UBS Sales of Lehman Brothers Principal Protected Notes

FINRA Reminds Brokerage Firms of Sales Practice Obligations Relating to Principal-Protected Notes
Posted by: Jeffrey B. Kaplan
January 14, 2010

Summary

The Financial Industry Regulatory Authority ("FINRA") recently reminded its member brokerage firms of their obligations when recommending and selling principal protected notes ("PPNs"). PPNs have been marketed to retail investors as combining the safety of bonds, but with the potential for growth that generally is not provided by bonds. But these products actually are complex, structured financial instruments that often do not provide nearly as much safety as brokerage firms represented.

Miami, Florida Office
Offices at Grand Bay Plaza
2665 South Bayshore Drive
Penthouse 2B
Miami, Florida 33133
Telephone 305.374.1920
Facsimile: 305.374.1961
Toll Free: 888.578.6255

West Palm Beach, Florida
Trump Plaza
525 S. Flagler Drive, Suite 200
West Palm Beach, FL 33401
Telephone 561.671.1920
Facsimile 561.671.1951
Toll Free: 888.578.6255

E-Mail Us | Directions

From offices in Miami and West Palm Beach, Florida, the attorneys of DIMOND KAPLAN & ROTHSTEIN, P.A., represent clients throughout the United States and around the world. Though our practice is international in scope, we remain dedicated to serving South Florida, including residents of Broward County, Martin County, Miami-Dade County, Okeechobee County, Palm Beach County and St. Lucie County, including the cities of West Miami, North Miami, Miami Beach, Coral Gables, Hialeah, Hollywood, Miramar, Stuart, West Palm Beach, Okeechobee, Fort Pierce, Pompano Beach, Palm Beach, Boynton Beach, Delray Beach and Boca Raton.

FirmSite?? designed and hosted by FindLaw, a Thomson Reuters business.

Blog Topic

UBS Sales of Lehman Brothers Principal Protected Notes

Topics

Recent Updates

Archives

Web Resources

Subscribe