Did you invest in reverse convertible notes?
Brokerage firms and banks actively sold reverse convertible notes linked to failed financial firms such as Lehman Brothers, Indymac and Fannie Mae. Reverse convertible notes are a type of structured product that pays a high interest rate and gives the issuer the right to convert the principal into shares of a stock if the underlying stock falls below a barrier or set price. Brokerage firms such as Morgan Stanley sold reverse convertibles linked to stocks such as Lehman Brothers. When the issuers of these notes failed, investors often lost virtually their entire investment. Sonn Law Group believes that brokerage firms that sold reverse convertible notes failed to adequately explain the risks inherent to these complex investments and that brokerage firms and banks are liable for investors’ losses in reverse convertible notes.
If you believe that you have been misled as to the risk of investing in reverse convertible notes and wish to learn more about our investigation and current cases, please call us at toll free at 1-844-689-5754 or fill out the “contact us” forms.