HOUSTON, April 2, 2009 (GLOBE NEWSWIRE) -- The law firm of Shepherd Smith Edwards & Kantas LLP (www.sseklaw.com) is investigating complaints involving "Reverse Convertible Notes" which were marketed by Wells Fargo Investments, LLC, a division of Wells Fargo & Company (NYSE:WFC). It has been alleged that these high-yield notes were marketed to retirees and other investors as a secure way of generating income with low risk and principal protection. These high-yield Notes are linked to common stock and convert to common stock if certain pre-defined conditions are met. The conversion to common stock can result in a substantial loss to the investor. If you purchased these investments, please contact the Houston, Texas based law firm of Shepherd Smith Edwards & Kantas LLP.
Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and others with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and state courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented clients in more than 1,000 matters in negotiation, mediation, arbitration and litigation.