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.