August 4, 2017

Losses in Under Armour, Inc, STEP Income Securities Market Linked Securities

Securities Lawyer

Soreide Law is investigating losses in Under Armour, Inc, STEP Income Securities market linked securities

 
Merrill Lynch was marketing the “UA STEPS” linked to the common stock of Under Armour that were presented, according to one investor who has contacted Soreide Law, as principal protected and as safe as a bond. The UA STEP notes are linked to the common stock and if the common stock ending value is lesser than the start date investors could lose some or all of their initial investment. Typically these types of instruments are sold to income investors who are seeking to avoid market volatility and the UA STEP notes being sold through Merrill Lynch were offering 10.50% interest. However the end value of these UA STEP notes are down to over 50% loss on the initial investment shocking some investors who do not understand these rather complex investments. Merrill Lynch and other firms market a number of market linked securities as safe and secured investments that in reality are high risk investments. These investments will show on the Merrill Lynch statement as:
UA STEPS ISSUER BARC
CPN 10.00% SV 42.49
DUE 09/15/17
The Step Income and Market Linked securities are full of downside warnings and full of upside promise.  We believe this is meant to confuse investors.  They also offer a very high yield above market rates in the case of Under Armour Steps which is a red flag.  This gives the opportunity for an unscrupulous broker to offer up a high yield that can theoretically go even higher based on the stock price increase, even though this increase is minuscule and probably not worth the risk.  However, the broker may have brushed over the downside risks even though it is in the fine print which many elderly investors do not bother to read based on the trust they have with their broker.
If you lost more than $50k in UA Steps notes call 1-888-760-6552 for a free consultation in how you may be able to recover some or all of your investment losses in this and other risky investments sold by a broker.

Tags

Categories
S H A R E   T H I S   P O S T

Recent Posts

October 23, 2026
Amir Navab Settled Claims At UBS And Great Gable Wealth Management

In June 2024, a customer claim naming Amir Navab (CRD 2437020) settled at Great Gable Wealth Management for $180,000. His BrokerCheck report also shows settled disputes at UBS Financial Services, starting in 2004.

October 23, 2026
A Pending Claim Alleges Brett Ewing Recommended Illiquid Investments

Centaurus Financial appears as the firm on a pending customer arbitration against Brett Ewing (CRD 2904608). The customer filed it on September 14, 2026. According to BrokerCheck, the customer alleges that Ewing recommended unsuitable, illiquid investments from February 2016 through February 2019. Ewing denies the allegations, and no arbitrator has ruled.

October 23, 2026
Eric Kleiner Refused FINRA Requests In A Probe Tied To His Form U5

FINRA found that Eric Kleiner (CRD 4135180) refused to provide documents and information it requested during an investigation. Without admitting or denying the findings, Kleiner consented to the sanction and to the entry of findings.

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2026 Soreide Law Group, PLLC  |  All Rights Reserved