Vernon Healy Takes on UBS

Wednesday, 15 February 2012

Older investors fed up with meager returns on investments in CDs and money-market funds have been targeted in recent years by brokers promising greater returns on investments in riskier structured products including principal protected notes. 

Principal protected notes backed by the global financial services firm Lehman Brothers were sold as high yield bonds to investors.  Those investors lost billions of dollars and were left holding the bag when Lehman Brothers went bankrupt in 2008. 

Now the Naples-based law firm of Vernon Healy is leading an investigation against the global financial services company UBS.  Securities attorneys with the law firm say UBS fraudulently misrepresented those principal protected notes when selling them to investors. 

Join our conversation with Vernon Healy founder and attorney Chris Vernon who’s filed more than $12 million in Lehman notes arbitration claims on behalf of investors around the country against one of the nation’s top brokerage firms.