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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Contact our office today to discuss your case. You can reach us by phone at 844-689-5754 or via e-mail. To send us an e-mail, simply complete and submit the online form below.