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Bixby Law PLLC is investigating potential legal claims against Alliance Bernstein LP and Sanford C. Bernstein & Co. relating to their proprietary “Options Advantage Strategy.” Bernstein claimed its Options Advantage Strategy was a “well researched” strategy that had a track record of producing “solid results.” However, the Options Advan
Bixby Law PLLC is investigating potential legal claims against Alliance Bernstein LP and Sanford C. Bernstein & Co. relating to their proprietary “Options Advantage Strategy.” Bernstein claimed its Options Advantage Strategy was a “well researched” strategy that had a track record of producing “solid results.” However, the Options Advantage Strategy suffered significant losses in 2022, and the program is believed to have been closed in late 2022. Any customers recommended the Options Advantage Strategy may have a right to recover their losses by filing a FINRA Arbitration Claim.
Claims are likely to be subject to FINRA Arbitration, a private arbitration forum that offers an efficient avenue where most claims can be resolved within approximately twelve to eighteen months.
The Options Advantage Strategy was supposedly designed to “capture the implied volatility embedded. It has been alleged that the Options Advantage Strategy was presented as a low risk, low volatility, cash free way of earning an additional return on assets with the Bernstein entities. Further, Bernstein is alleged to have promoted the
The Options Advantage Strategy was supposedly designed to “capture the implied volatility embedded. It has been alleged that the Options Advantage Strategy was presented as a low risk, low volatility, cash free way of earning an additional return on assets with the Bernstein entities. Further, Bernstein is alleged to have promoted the use of margin to avoid having the investors deposit additional funds. Bernstein allegedly described the strategy as “seeking incremental return in a low yield environment.”
Lawsuits have already been filed against Sanford C. Bernstein & Co. and Alliance Bernstein for securities fraud, misrepresentation, and/or omission relating to the Options Advantage Strategy. The claims allege that Bernstein utilized its discretion to speculate on the market direction using both call and put options on major market indexes, and, as a result, substantial losses were incurred from the strategy. It is believed that the financial advisors and brokers who recommended this strategy may have also been misled by Bernstein regarding the Options Advantage Strategy. Clients who were recommended the Options Advantage Strategy were recommended to open a margin account to operate the strategy. It is possible some clients may be left with a margin account balance as a result of the failed strategy.
Bixby Law PLLC handles securities and investment fraud claims on behalf of investors across the country in FINRA Arbitration and other forums. Michael C. Bixby, the founder and managing attorney of Bixby Law PLLC has represented over 1,000 investors and victims of securities and investment fraud, recovering over $150 million on behal
Bixby Law PLLC handles securities and investment fraud claims on behalf of investors across the country in FINRA Arbitration and other forums. Michael C. Bixby, the founder and managing attorney of Bixby Law PLLC has represented over 1,000 investors and victims of securities and investment fraud, recovering over $150 million on behalf of his clients. Bixby Law PLLC handles investment fraud claims on a contingency fee basis, meaning there are no upfront fees or costs, and clients are only responsible for the firm’s fees and costs out of any recovery obtained.For a free and confidential evaluation of your potential claim, call toll free (833) 547-4994 or email Michael@BixbyLawFirm.com.
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