October 29, 2010
The firm announces a notice of an investigation on behalf of investors who purchased Bank of America structured investments, which were represented as protecting principal. The investments the firm is investigating include: Bank of America (Basket EAGLES) Equity Appreciation Growth Linked Securities Bank of America Return Linked Notes Bank of America CYCLES (Capital Protected Equity […]
July 30, 2010
Bank of America Corp. raised $4.7 billion selling structured notes to U.S. investors through June, the most of any issuer and more than its 2009 total, as sales of the securities rose to a record pace. Banks have sold $22 billion of structured notes to individual investors in the U.S. this year, according to data […]
June 1, 2009
The FSA and Financial Ombudsman Service said in a press release yeasterday they have jointly concluded that Lehman Brothers’ insolvency raises issues in the UK structured products market. The release said: “As a result, while the Ombudsman has been investigating a number of individual complaints, the FSA has been actively looking at the wider issues […]