Principal Protected Notes

Major brokerage firms including Bank of America, Charles Schwab, Citigroup, Credit Suisse, Deutsche Bank, Merrill Lynch, Morgan Keegan, Morgan Stanley and UBS marketed and sold principal protected notes as safe and secure investment vehicles. We allege that these firms and others specifically targeted conservative, risk-averse investors who were seeking to preserve their capital and generate income. In reality, principal protected notes were complex financial products that were not adequately explained to potential investors and subjected investors to significantly more risk than was disclosed, including the loss of their entire principal investment.

As early as 2005, the Financial Industry Regulatory Authority (FINRA) raised concerns about misrepresentations made by brokerage firms regarding the safety and complexity of principal protected notes and other structured investment products.

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