Ft. Lauderdale, Fl. Oct. 2 – The Law Firm of Mark A. Tepper P.A. is alerting current and former brokerage customers of UBS Financial Services (NYSE:UBS), who were sold Lehman Brothers’ Structured Notes, that they have until November 19, 2013 to Opt Out of the Class Settlement against UBS. The Lehman Brothers’ Structured Notes were also marketed as “100% Principal Protected Notes”, “Auto-Callable Notes”, and “Return Optimization Notes”.
Attorney Mark A. Tepper, a former Chief Trial Counsel at the New York Attorney General’s Bureau of Investor Protection and Securities, notes that investors, who wish to file an individual claim through FINRA arbitration, can only do so if they opt out of the UBS Class Settlement.
“UBS customers who are eligible to participate in the class action settlement should carefully consider whether they wish to participate or have their claim against UBS handled individually in arbitration with the Financial Industry Regulatory Authority (FINRA),” Mr. Tepper said.
“While individual circumstances will vary, in general, if you have an economically viable claim because of the size of your investment loss, you may want to pursue a more complete measure of damages through an individual claim,” Mr. Tepper added.
Investors have until November 19, 2013 to act following the U.S. District Court approval of an Order Concerning Proposed Settlement with UBS. The Order provides that a request for exclusion from the settlement class must be postmarked no later than November 19, 2013.
Current and former customers of UBS Financial Services who purchased Lehman Brothers’ Structured Notes from UBS brokers can contact attorney Mark A. Tepper to explore their legal rights. To discuss your legal rights with the law firm of Mark A. Tepper P.A., you can email stock broker fraud attorney Mark A. Tepper at firstname.lastname@example.org or telephone the law firm at 954-961-0096.
About Mark A. Tepper, P.A. (www.MarkTepper.com)
Attorney Mark Tepper has earned the reputation of “Investor Advocate” while practicing law for over 35 years representing individual investors. FINRA arbitrators have upheld claims filed by Mr. Tepper against a number of large financial services companies. A member of the Florida, New York and California Bars, Mr. Tepper is AV®-rated, the highest rating of lawyers in the Martindale-Hubbell Law Directory.