Robert Wayne Pearce, P.A. is investigating and representing investors nationwide that were sold steepeners, which are notes or CDs that pay varying levels of interest depending on the steepness or flatness of the yield curve. When the yield curve flattened in 2018, these steepeners rapidly declined in value and either stopped paying interest or paid much less interest. In 2019, the yield curve inverted and short term interest rates rose to a higher level than long term interest rates. This yield curve inversion caused even more losses.
The negative impact on investors in the following types of structured products has been significant: Structured CDs, Market-Linked CDs, Leverage Callable CMS Curve Linked Notes, Callable Quarterly CMS Spread-Linked Notes, Callable Variable Rate Range Accrual CDs, Callable Interest Rate Spread CDs, Callable CMS Spread Notes, and Senior Callable CMS Steepener Notes.
Investors across the US are reporting that they were misled by their financial advisors or stockbrokers when they were told that the “notes” or “CDs” were high-quality, fixed-income investments. In reality, these investments were complex structured products, often with short-term teaser interest rates, long-dated maturities, and obscure features that caused them to lose capital rapidly. Brokers misrepresented to investors that the steepeners they sold to them always paid an attractive “yield.” Furthermore, many brokers concentrated their customers in these structured products.
Robert Wayne Pearce, P.A. is investigating claims against brokerage firms including Centaurus Financial, Inc., J.P. Turner & Company, Aegis Capital Corp., Wells Fargo Advisors, and other brokerage firms for structured products investment losses. Please contact us if you purchased steepeners through Ricky Mantei (CRD# 1098981), Cindy Chiellini (CRD# 1015592), Katherine Nishnic (CRD# 2499553), Dana Matthew Hawkins (CRD# 5731136), Alan Applebaum (CRD# 500336) or Joseph Andreoli (CRD#1718688).
We have been retained by many investors to file FINRA arbitration claims against brokerage firms to recover their losses. Our firm has recovered over $100 million for investors from across the United States. Were you mislead to invest in an unsuitable steepener investment? Call us at 1-800-SEC-ATTY (732-2889) with any questions you may have about recovering your steepener investment losses.
Have you suffered losses in your investment account due to your stockbroker’s unsuitable steepener recommendation? You may be able to recoup those investment losses. Mr. Pearce has over 40 years of experience with private placement investment disputes. Call 1-800-SEC-ATTY (1-800-732-2889) for a free consultation or email Mr. Pearce now at pearce@rwpearce.com and get your questions answered regarding your steepener investment. Mr. Pearce is accepting clients with valid claims against stockbrokers who made unsuitable steepener recommendations and caused investors losses.
The most important of investors’ rights is the right to be informed! This Investors’ Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over 40 years, Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors’ rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at pearce@rwpearce.com for answers to any of your questions about this blog post and/or any related matter.
Robert Wayne Pearce
Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $125 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.
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