Structured notes linked to the Constant Maturity Swap (CMS) rate under investigation after being sold as fixed income products and beyond investor’s life expectancy.

Wolper Law Firm is investigating Centaurus Financial regarding the broker dealer’s sales practices relating to structured notes, steepener notes and other long-term, illiquid securities, to retail investors in the US market. According to the law firm, many financial advisors market structured notes and steepener notes as traditional fixed income securities when in reality, many of these products “pay ‘teaser’ interest rates in years one and two and, from years three unti

Continue reading with a subscription to the SRP market intelligence platform.

Request Demo

Already a subscriber? Login