Meyer Wilson has been speaking with clients of Rabih Moufid Msallem, a Citigroup Global Markets investment adviser and broker, regarding allegations that he has been pushing structured notes to his clients without adequately disclosing the potential risks to investors. Clients also allege that he made unsuitable investment recommendations.
At Meyer Wilson, we represent investors who have been harmed as a result of investment fraud or stockbroker misconduct. Our legal team is nationally-recognized, having helped over 1,000 aggrieved investors recover losses. We offer 100% free investment claim evaluations. Contact our office today at (614) 532-4576 to discuss your case directly with an attorney.
It is alleged that Rabih M. Msallem (CRD#: 3199470) recommended structured notes to clients for the past several years. In his recommendations, according to the allegations, he would promote the downside protections without fully explaining the risk to the investor or ensuring that the product was in the best interest of the investor.
An investor bulletin issued by the U.S. Securities and Exchange Commission warned consumers about the potential risks of structured notes. The bulletin noted that structured notes are complex offerings that should not be invested in unless you fully understand the potential risks.
A structured note is a security issued by a financial institution. Its returns are based on things like interest rates, foreign currencies, or equity indexes. Your return is linked to the performance of the reference asset or index. Before investing, your broker or investment adviser should thoroughly explain the risks involved with these complex, often illiquid products.
As recommended by the SEC, before you invest in a structured note, you have a firm understanding of:
If your broker failed to adequately explain the structured note that they recommended, you might be eligible to file an investment claim if it resulted in losses.
If you sustained losses due to a broker’s unsuitable recommendation or failure to adequately disclose the risks of a structured note, contact our office. Call Meyer Wilson at (614) 532-4576 for a free consultation. Our lawyers can help you understand your rights including whether you are eligible to pursue a lawsuit or arbitration. Get the dedicated representation you deserve.