Skip to Content

Enhanced Yield Reverse Exchangeable Securities with Contingent Downside Protection

Zamansky LLC has launched an investigation on behalf of investors who purchased Enhanced Yield Reverse Exchangeable Securities with Contingent Downside Protection (”Securities”). The Securities were underwritten by a Norwegian-based financial services group, Eksportfinans A.S.A., beginning in September 2007.

The Securities were marketed primarily to elderly investors on fixed incomes as a high-yield, safe, alternative to plain vanilla investment products such as Certificates on Deposit (CDOs), Treasuries, and other low risk/low yield products, but were in fact extremely risky Reverse Convertible Notes.

Elderly investors with fixed incomes tend to be risk adverse and rely on investment income and the protection of their principal for daily living expenses. Eksportfinans allegedly sold the securities to investors with the promise that their principal investment would be completely protected.

Confused by the complexity of the securities, elderly investors were allegedly misled into paying inflated prices for the Enhanced Yield Reverse Exchangeable Securities. Moreover, investors did not understand that “Contingent Downside Risk” meant that their principal was only protected if the price of the underlying security stayed above a set price. When the Securities matured, investors were left holding shares of stock that were considerably less than the principal they originally paid.

Zamansky LLC is investigating whether Eksportfinans inappropriately sold the Securities to investors and did not adequately explain the risks. If you purchased Enhanced Yield Reverse Exchangeable Securities with Contingent Downside Protection, please contact Zamansky LLC by email at or by phone at (212)-742-1414 for a free and confidential consultation.

Client Reviews

“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
View More