NEW YORK--(BUSINESS WIRE)--Zamansky LLC announces that it is investigating losses suffered by investors in “Steepeners” or adjustable rate Certificates of Deposit (“CDs”) or Medium Term Notes (“Notes”). These CDs and Notes were often allegedly issued by banks such as Bank of America, Morgan Stanley, JPMorgan Chase and others, as CDs or notes that paid “enhanced” yield to investors. The enhanced yield was adjustable based on the flatness or steepness of the yield curve.
During 2018, when the yield curve flattened, the values of the Steepener CDs and Notes fell causing investors to suffer unexpected realized and unrealized losses. Then, in 2019, the yield curve inverted and short term interest rates rose to a higher level than long term interest rates causing yet more losses. The market for some of these Steepener CDs and Notes also became very illiquid. These losses were contrary to the expectations of investors who wanted and expected safe, cash preservation investment.
What Investors Can Do
If you are an investor in any type of CD or Note that has suffered a loss, you may have your investment reviewed or discuss your legal rights, without obligation or cost to you, by contacting Jake Zamansky (by email at jake@zamansky.com or by telephone at (212) 742-1414).
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with a practice dedicated to securities, investment fraud, hedge fund and ERISA class action litigation, and FINRA securities arbitration. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.