Even though it's been established that "structured products" are inappropriate for the average investor, seniors and those approaching retirement age have been a major target for these investments. The product appears to guarantee an income, but can be illiquid and there is a risk of losing everything.
Concerns over looming health issues and economic uncertainty along with potential cognitive disabilities can make these products seem like safer investments than they are. Financial professionals are supposed to keep the best interest of their clients in mind when recommending these products, but some financial advisors concentrate on the high commissions they can earn selling these products and believe that seniors are easily taken in by charm and exaggerated claims of high yields.
If you feel you have been tricked into investing in "structured products," you may have an investment misconduct case. Contact an experienced securities arbitration attorney today. At Meyer Wilson, we represent victims of stockbroker misconduct nationwide, recovering losses for our clients in arbitration, litigation and mediation.