BOCA RATON, Fla., Dec. 11, 2009 (GLOBE NEWSWIRE) -- On December 4, 2009, the Wall Street Journal reported that a FINRA Arbitration Panel awarded an investor $200,000.00 against UBS (NYSE:UBS) because the broker inappropriately sold her risky Lehman Brothers principal protected notes.
The securities law firms Blum & Silver, LLP (www.stockattorneys.com) and Sallah & Cox, LLC (http://www.sallahcox.com) are representing investors in FINRA arbitration claims who suffered losses at UBS as a result of losses in Lehman principal protected notes and Lehman preferred shares. These securities were typically recommended as safe investments. However, many investors allege they were not warned of the risk and suffered extraordinary losses as a result.
For additional information or to further discuss these matters, investors should contact either:
Scott L. Silver, Esq. James D. Sallah, Esq. Blum & Silver, LLP Sallah & Cox, LLC 1-877-STOCK-LAW (1-877-786-2552) 1-888-SEC-ATTY (1-888-732-2889) http://www.stockattorneys.com http://www.sallahcox.com/
Additional information can also be found at our joint website dedicated to these issues at http://www.principalprotectednotesattorneys.com or simply, http://www.ppnattorneys.com.
Scott L. Silver of Blum & Silver, LLP and James D. Sallah of Sallah & Cox, LLC were recently awarded the most effective Securities Lawyers in South Florida by the Daily Business Review. They received this esteemed accolade for their success in obtaining one of the largest arbitration awards ever awarded against an individual broker. A FINRA panel awarded a group of investors over $7 million, including over $4 million in punitive damages, against former UBS broker, Gary J. Gross based upon what the panel found to be Gross's "willful and wanton" conduct and in "flagrant disregard" of the investors rights.
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.
The Blum & Silver logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2635
Sallah & Cox, LLC is located in Boca Raton, Florida. The firm consists of former 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, California, Colorado, New York and New Jersey.