Lehman

Bloomberg reports that there are 873 different issues of Lehman equity-linked structured notes outstanding with a combined face value of approximately $8.7 billion. All of these notes are now in default. Read the article below to understand the personal impact of the defaults and the manner in which many of these products were sold to individual investors. Source: Bloomberg Full Story

UBS Financial Services is defending itself from claims that its sales of structured products involved unfair sales practices, inadequate supervision, and recommendation of unsuitable investments. The claims involve the sale of structured products that were pitched as investment products that provide both the possibility of growth and principal protection. In other words, make money when the market rises but no losses when the market falls. Securities firms sold $120 billion of these structured...