BOCA RATON, Fla., July 30, 2009 (GLOBE NEWSWIRE) -- The securities law firms Blum & Silver, LLP (www.stockattorneys.com) and Sallah & Cox, LLC (http://www.sallahcox.com) announce that they have launched a website devoted to providing information concerning sales abuses related to principal protected notes (PPNs) and other structured products. The website, found at www.ppnattorneys.com, explains PPNs, the risks associated with them, and how brokerage firms like UBS concealed such risks from customers. The website also contains news articles concerning PPNs and recent findings from the State of New Hampshire Bureau of Securities Regulation, which alleged that UBS made unsuitable and inappropriate recommendations to customers in connection with the offer and sale of PPNs. Specifically, the Bureau stated that UBS, which "developed and sold" the PPNs, "did not meet its obligation" to ensure that investors "were aware of all material information, ... including the relationship between UBS and Lehman, ... the derivative nature of the products, and any substantial changes associated with the investment." A copy of the Bureau's findings may be found on the www.ppnattorneys.com website.
Blum & Silver, LLP and Sallah & Cox, LLC are pursuing dozens of arbitration claims before the Financial Industry Regulatory Authority ("FINRA") on behalf of aggrieved investors, including claims of misrepresentation, omissions of material facts, unsuitability, and negligence.
Blum & Silver, LLP is a nationally-recognized securities law firm headquartered in South Florida, with a satellite office in New York, representing investors worldwide with their claims for losses due to stockbroker misconduct and brokerage firm negligence in securities litigation and arbitration matters. The firm has successfully recovered multi-million dollar awards for its clients against the country's top brokerage houses.
Sallah & Cox, LLC is located in Boca Raton, Florida. The firm consists of former Senior SEC Enforcement attorneys who represent clients throughout the United States and Latin America in stockbroker misconduct and investment fraud cases. This firm has represented investors against most major Wall Street brokerage firms in claims involving stocks, options, auction rate securities, hedge funds, mutual funds, and bonds.
Blum & Silver's and Sallah & Cox, LLC's attorneys speak English and Spanish, and they are licensed to practice law in Florida, Colorado, New York and New Jersey.