Meissner Law Firm Investigating The Sale of Apple Structured Notes – A Wolf In Sheep's Clothing

Feb. 5, 2013 - PRLog -- (New York, N.Y) Investors from J.P. Morgan Chase (JPM) , Morgan Stanley (MS) , UBS (UBSN.VX) and Barclays (BARC.LN) were allegedly sold millions of dollars of structured products linked to the now collapsing Apple (AAPL) common stock. Firms, knowing that conservative investors were searching for yield in a low yield environment, allegedly promoted Apple structured products as safe investments that would provide high yield with little risk based on its ever rising stock price. Nothing could have been further from the truth. The products were highly complex with names that were similarly complex:

Reverse Exchangeable Notes
Yield Optimization Notes
Buffered Equity Notes
Trigger Notes
Auto-Callable Notes,
STEP Income Securities
Strategic Accelerated Redemption Securities (STARs)
 Return Optimization Securities
Contingent Interest Notes

While these notes provided high interest rates for one year or less,  the principle was often was only secure if the stock stayed steady or rose from the level at which it was when the product was purchased  which was mostly at approximately $650 per share. As a result, now that Apple has fallen to $443 investors have lost over 30% of their funds and as time goes on its even more. Those who invested in such products will not receive their principle back when the products become due, instead they receive Apple stock which has now fallen by over 30%. These products provided firms with a cheap method of betting on the collapse of Apple stock. All they needed to pay was the interest charges if the stock stayed the same or went up, but were unsuitable for most conservative investors.

Stuart D. Meissner Esq. the nationally known securities attorney and former Spitzer securities regulator who represents investors, hedge funds, and securities industry participants stated:  because of consumer familiarity with Apple, these investment products recently became  the new “safe” investment for brokers to push even though many did not understand the risks. Now the chicken has come home to roost”

Most brokers did not properly explain the significant risks of these complex structured products.

If you purchased any Apple related structured product and lost significant sums you may be entitled to your money back via FINRA Arbitration. Call us for a free phone consultation or more information.

Unlike other law firms we are not a "mill" and are very selective in the cases we take on, which is why we have nationally known record win statistics - We have never lost any in-person investor FINRA arbitration to date (past results are no guarantee of future performance)

Contact:

Stuart D. Meissner Esq.

Law Offices of Stuart D. Meissner LLC

275 Madison Avenue, Suite 1000

New York, N.Y. 10016
(212)-764-3100          WWW. STOCKESQ.COM