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I'm Jeff Sonn, an attorney concentrating on securities fraud and consumer class actions. I use this blog to bring attention to regulatory filings involving financial advisors, current events in securities and cases in the financial services industry, and to help investors understand their rights and options for financial recovery. Questions? Contact me online or call anytime at 844-689-5754

Credit Suisse CEO: XIV Was for Sophisticated Daily Trading Only

In the aftermath of the crash of Credit Suisse’s XIV ETN financial product in early February 2018, CEO Tidjane Thiam spoke to CNBC’s Joumanna Bercetche and admitted that the product was only suitable for professionals and hedge funds.

Credit Suisse CEO on XIV ETNs

This is further evidence that this particular investment product was unsuitable for most investors, and that investors who suffered significant losses to their accounts may have valid claims against their individual brokers or brokerage firms who invested in the XIV product.

If you lost money because your financial advisor or broker traded in XIV ETNs using a Portfolio margin account, contact the Sonn Law Group today. Our qualified securities fraud attorneys are standing by to listen to the details of your case and advise you on your best path forward.

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