Broker-Dealer Negligence Lawyers

Are You An Investor Who Suffered Losses In AllianceBernstein’s Options Advantage Strategy?

Our Broker-Dealer Negligence Lawyers Are Investigating Sanford Bernstein Financial Advisors

If you are someone whose financial advisor recommended that you invest in AllianceBernstein’s Options Advantage Strategy and suffered significant investor losses, contact the Broker-Dealer Negligence Lawyers at Shepherd Smith Edwards and Kantas (investorlawyers.com) today so that we can help you explore your legal options. There are growing concerns that Sanford Bernstein brokers may have allegedly misrepresented the risks involved in this complex options trading strategy that was supposed to attract investors looking for “incremental returns” in a low-yield environment. Sanford Bernstein is a registered broker-dealer and a subsidiary of AllianceBernstein, which is a registered investment adviser.

AllianceBernstein’s Options Advantage Strategy was touted as speculating on market directions through the buying and selling of call and put options on the S&P 500. Investors are saying that they were led to believe that the options trading strategy was low risk, not very volatile, and would give them a way of making another 1-2% in yearly returns on assets they already had with the firm. Brokers also allegedly promoted using margins rather than investors having to use more of their own money.

Because of a purported number of risky bets on market indices’ direction while leveraging strategy, serious investor losses have occurred. Financial advisors have purportedly since admitted that this approach was unsuitable for volatile markets.

Why Is It Important That You Speak With a Broker-Dealer Negligence Lawyers That Is Savvy In Options Trading Strategies?

Investing in complex options trading strategies is not for most retail investors, conservative retiree investors, or inexperienced investors. It may even be too risky for some wealthy investors and not suitable for certain institutional investors.

It can be hard to discern whether you were, in fact, the victim of broker negligence or misconduct related to AllianceBernstein’s Options Advantage Strategy. This is why you need seasoned securities lawyers that understand not only how complex investing strategies work but also why investors can end up losing money because of them.

Unfortunately, misrepresentations and omissions, unsuitable investment recommendations, overconcentration, and other broker misconduct can happen when risky options trading strategies are involved. It is not uncommon for financial advisors to be in conflict of interest, pushing this kind of investing approach on customers because of the high commissions they can earn.

For over 30 years, Shepherd Smith Edwards and Kantas have been representing investors against negligent registered investment advisers and brokerage firms. We have recovered many millions of dollars for our clients in arbitration, mediation, and litigation. This includes, recently, UBS YES (Yield Enhancement Strategy) lawsuits that we won against UBS Financial on behalf of wealthy investors who lost money in that broker-dealer’s complex options overlay strategy.

Because some of us used to be former brokers, we know about the unsavory practices that can occur within the industry. This allows us to harness that “former insider” knowledge, along with over a century’s worth of combined experience in securities law and the securities industry, to fight for investors like you.

If your Sanford Bernstein broker failed to properly apprise you of the risks involved in AllianceBernstein’s Options Advantage Strategy, you may be able to pursue damages. Our investment loss recovery lawyers can help you explore your legal options.

Call our team of Broker-Dealer Negligence Lawyers at (800) 259-9010 today or contact us online.