Goodman & Nekvasil, P.A., May Recover Investor Losses – Do you have losses in Citigroup Auto-Callable Equity Step Up Notes?
Auto-callable structured notes are short-term market linked investments that offer investors a coupon (i.e., income stream). The auto-callable structured note is linked to an underlying index or stock and has a maturity date on which the investor can receive a return of his or her principal. If, however, the value of the underlying index or security falls below a certain threshold prior to maturity, the investor stands to lose significant principal or, worse, get “put” the underlying stock at a depressed price.
During the recent market downturn, many auto-callable structured notes blew through their protective barriers and resulted in large losses in customer accounts. In some instances, these notes were leveraged, further magnifying the losses.
Goodman & Nekvasil, P.A. May Recover Investor Losses on Citigroup Auto-Callable Equity Step Up Notes
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments such as Citigroup Auto-Callable Equity Step Up Notes.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments such as Citigroup Auto-Callable Equity Step Up Notes and has recovered more than $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
You may have the right to recover your losses from the brokerage firm that sold you Citigroup Auto-Callable Equity Step Up Notes and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.
If you incurred losses on your investment in Citigroup Auto-Callable Equity Step Up Notes and/or other high-risk investments and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.