UBS Misleads Investors : Dimond Kaplan & Rothstein

UBS Misleads Investors

UBS Misleads Investors

New Hampshire Securities Regulators Have Accused UBS Financial Services, Inc. of Misleading Investors about Lehman Brothers Principal Protected Notes ( En Español)

New Hampshire securities regulators have accused UBS Financial Services, Inc. of unfair sales practices and failing to supervise its brokers who sold Lehman Brothers structured products, including so-called “principal protected” notes. The New Hampshire Bureau of Securities Regulation says that UBS misled investors when it represented that the Lehman Brothers products were safe during a time when Lehman faced massive exposure to securities tied to the imploding real estate market. UBS also is accused of failing to disclose Lehman’s troubles. New Hampshire regulators stated that “UBS presented these notes as simple, safe investments when in fact they are highly volatile and are subject to shifting market conditions.” New Hampshire regulators also stated that they believe that “[t]he methods by which UBS offered and sold the Lehman Brothers structured products to its clients constituted dishonest and unethical business practices.”

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182