UBS targeted by more lawsuits over Lehman-backed structured notes

Vernon Healy, a Florida-based law firm, filed two arbitration claims against UBS Wealth Management on February 16 over its distribution of Lehman Brothers-backed structured notes and other inappropriate investments.

Both cases went to the arbitration process of the Financial Industry Regulatory Authority (Finra), with one filing taking place in Florida and the other in Texas.

The case in Texas focused solely on a Lehman-backed note sold to the client by UBS. Vernon Healy’s client was advised to

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