The international securities and investment fraud law firm, Levin Law P.A. (“Levin Law”), continues to investigate claims regarding the recommendation and sale of JPMorgan Chase Auto Callable Contingent Interest Notes linked to the S&P GSCIⓇ Crude Oil Index Excess Return.
Investors who sustained financial losses are strongly encouraged to contact Levin Law for a free case evaluation. Inquiries should be directed to Levin Law founder and managing attorney Brian Levin at (305) 402-9050, via email at firstname.lastname@example.org, or through the website www.levinlawpa.com. All consultations are free and without obligation to retain Levin Law’s services.
Auto Callable Contingent Interest Notes are structured (market-linked) products designed for investors who want the opportunity to earn a contingent interest payment at an above-market rate if certain conditions are met. The investments are complex, risky, and unsuitable for most investors.
Recently, JPMorgan Chase offered Auto Callable Contingent Interest Notes tied to the S&P GSCIⓇ Crude Oil Index Excess Return. It is believed that JPMorgan Chase through its registered representatives may have misrepresented the risks to customers. Allegations include that the financial institution failed to disclose that the products lacked liquidity, may contain conflicts of interest and may result in a complete loss of principal.
Because the product is connected to the S&P GSCIⓇ Crude Oil Index Excess Return, investors suffered significant losses as oil prices were affected by COVID-19, supply chain issues, and other factors.
Aggrieved investors have noted that they were not adequately informed about the potential risks associated with the auto callable contingent interest notes linked to the S&P GSCIⓇ Crude Oil Index Excess Return. A stockbroker or financial advisor has a duty to ensure that investment recommendations are suitable based on a customer’s risk tolerance.
Investors who were recommended and sold these complex, short-term investments believe that JPMorgan and its representatives made material misrepresentations and engaged in unsuitability when offering these products.
Brokerage firms and financial institutions such as JPMorgan Chase must supervise their representatives to ensure that they have completed their due diligence when recommending products to customers. Individuals who suffered losses due to a firm’s failure to supervise or a broker’s misconduct may be able to pursue a claim for damages. It is important to contact an experienced securities and investment fraud attorney to determine your legal options.
Investors who were recommended and sold these high-risk, illiquid products, are encouraged to contact Levin Law for a free case evaluation. Harmed investors may call (305) 402-9050 or email Attorney Brian Levin directly at email@example.com to discuss their case.
Attorney Levin has recovered millions of dollars on behalf of clients nationwide. Most cases are accepted on a contingency fee basis, meaning that you are not obligated to pay Levin Law’s attorney fees unless money is recovered on your behalf.
Levin Law is a premier national cryptocurrency, securities, commodities, futures, and class action law firm. Brian Levin, Levin Law’s founding attorney, has helped recover in excess of $150,000,000 through arbitration and litigation for individual and institutional investors throughout the country and the rest of the world. Levin Law represents retirees, individual investors, high-net-worth investors, ultra-high-net-worth investors, institutions, family offices, trusts, publicly held companies, and others.