Do you have losses in Steepener Notes? Goodman & Nekvasil, P.A., May Recover Investor Losses

Goodman & Nekvasil, P.A., May Recover Investor Losses – Do you have losses in Steepener Notes?  

One example of a structured product is a “steepener,” which allows investors to bet on the shape of the yield curve. The return on this type of product is linked to the spread between longer- and shorter-term interest rates—that is, the so-called steepness of the curve.

Steepeners are a type of structured product. Structured products are complex securities derived from or based on a single security or index, basket of securities or indices, a debt issuance, a commodity and/or a foreign currency. 

Steepeners are a type of interest rate swap, where one party agrees to pay the other a fixed rate in exchange for a floating rate, which is derived from the difference between long and short-term rates. Many of these products also used high leverage, where the difference between the two rates is multiplied by up to 50 times to produce a higher return. Investors who invested in steepeners at the recommendations of their broker may have suffered serious financial losses.

A steepener is a complex financial instrument intended for sophisticated investors. It is a bet on the interest rate curve, predicting that it will steepen and not remain flat. Steepeners are not freely traded, are illiquid in many instances, and are often callable. Many investors have to sell their investments at significant losses.

Goodman & Nekvasil, P.A. May Recover Investor Losses on Steepener Notes

Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments such as Steepeners.   

Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments such as Steepeners and has recovered more than $180 million dollars on behalf of victimized investors.  We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.  All our cases are handled on a purely contingency fee basis.

You may have the right to recover your losses from the brokerage firm that sold you Steepeners and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.

Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.

There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf. Finally, the filing of such a case should not affect your ownership of these investments in any way.

If you incurred losses on your investment in Steepeners and/or other high-risk investments and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.