The Options Advantage Strategy Litigation Explained
The Options Advantage Strategy Lawsuit (“OAS Lawsuit”) is a dedicated legal practice of Bixby Law PLLC serving investors who sustained losses while trading the Options Advantage Strategy (OAS), an investment strategy promoted to investors by both Alliance Bernstein LP and Sanford C. Bernstein & Co. The once-touted investment strategy, which only a few years earlier had been presented as a sophisticated, low-risk commodity futures investment vehicle (a hedge fund), caused many investors extreme investment losses beginning in 2022, and was thought to have been closed by the end of 2022. Now, numerous Bernstein clients demand justice and restitution, claiming misrepresentation, omission of material information, and possible violations of securities laws and regulations. At the helm, Bixby Law PLLC offers specialized legal services for affected investors to seek monetary compensation through FINRA Arbitration and other legal remedies.
Background: Description of The “Options Advantage Strategy”
The Options Advantage Strategy, also known as Options Advantage, was a proprietary investment strategy offered by Alliance Bernstein LP and Sanford C. Bernstein & Co. The Options Advantage Strategy was marketed to investors as a thoroughly risk-managed options-based strategy designed to provide competitive returns without undue risk, making it a popular choice for conservative investors such as retirees and their advisors. Of particular note was its leveraged use of options in seeking to magnify returns and hedge downside losses. Unfortunately, these representations turned out to be far from the truth. In 2022, the Options Advantage Strategy suffered massive losses amid widespread volatility in the markets. It is believed that the Options Advantage Strategy was closed or terminated at year-end 2022.
Allegations and Legal Issues
Investors involved with the Options Advantage Strategy have expressed their concerns over the way in which the product was sold and managed. Claims of misrepresentations of risk, improper disclosure of potential losses, and breach of fiduciary duty by financial advisors recommending the investment have surfaced. A number of clients were reportedly assured that the recommended strategy was appropriate for their risk profile and investment objectives, yet later became aware of their extent of exposure. Such issues have led to formal inquiries and claims against connected companies Alliance Bernstein and Sanford C. Bernstein & Co., Inc. regarding whether their interests were properly safeguarded for clients and whether all material matters were disclosed prior to proceeding with an investment.
Bixby Law PLLC: Advocates for Recovering Investment Losses
Bixby Law PLLC is a full-service law firm with a national practice exclusively dedicated to securities and investment fraud litigation. With lead attorney Michael C. Bixby’s extensive securities background and experience recovering over $150 million for more than 1,000 investors, Bixby Law combines exceptional knowledge with personalized service in each of its cases. The Options Advantage Strategy Lawsuit is just one aspect of Bixby Law’s broader mission to hold financial institutions accountable when investors’ interests take a back seat. When necessary, we aggressively and firmly pursue cases for our clients. Our extensive knowledge of the securities industry, regulatory requirements, and FINRA Arbitration helps ensure maximum recoveries and quick settlements, usually within the span of 12 to 18 months.
Legal Services Provided: How We Assist Clients
- Free, confidential consultations and case evaluations to assess the merits of your case.
- Legal representation in FINRA Arbitration and other forums against Alliance Bernstein and investment program participants.
- Investigation of claims involving representations, omissions, or unsuitability related to Options Advantage Strategy.
- Contingency legal services (no upfront fees or costs to clients – unless a financial recovery is secured, contingent legal fees are not charged).
- Nationwide investor advocacy (Bixby Law PLLC represents investors regardless of geography in order to ensure that they are afforded justice and opportunities for compensation).
For more details about the range of services offered, visit our Services Offered page.
Why Retain Bixby Law PLLC For Your Investment Recovery
- A niche practice focusing on securities fraud and investment loss recovery with multiple success stories on behalf of clients;
- Dedicated, responsive representation from the first meeting until a matter is resolved;
- Extensive knowledge of rules and procedures governing FINRA Arbitration (the primary venue for arbitration of disputes between brokerage firms, financial advisors/stockbrokers, and the investing public) and processes;
- Client-centered approach to legal counsel, advocacy, and strategy, including detailed explanations and “plain English” dialogue throughout the representation;
- Widespread practice throughout the United States serving investors nationwide through its primary office in Pensacola, Florida.
This mix of practical experience, passion, and results-oriented advocacy establishes Bixby Law PLLC as a proven advocate in the field.
The Process: From Consultation to Recovery
To recover your losses, handling your case begins with a free, no-obligation consultation. During this initial step, Bixby Law PLLC will discuss your case, evaluate relevant documents, and explain the various legal options available to your claim. Once you decide to move forward, Bixby Law will take on the case from researching, compiling evidence and filing the appropriate claim to negotiating on your behalf and, if necessary, taking it to arbitration or litigation. Clients are kept up-to-date on all aspects of the case, and have complete access to their attorney and legal team. The typical matter is resolved in 12 to 18 months, and clients pay nothing unless they receive a recovery from Bixby Law. The process is fast and client-friendly and seeks to keep as much stress off of the client as possible while maximizing the possibility of recovering finances.
Who Should Call Us?
- Investors whose investment advisor, broker, or dealer recommended they participate in the Options Advantage Strategy.
- Clients who suffered losses that were unexpected or believe the risks or other characteristics of the product were not disclosed and/or the investment was unsuitable.
- Victims of securities fraud, misrepresentation, and/or omission by Alliance Bernstein involving their investment products.
- Investors who need experienced legal representation for securities arbitration and/or litigation against large financial institutions.
Even if you are not certain whether such a claim may exist, a free and confidential initial evaluation is available to provide guidance as to your options and potential next steps.
Get Started: Reach Out to Bixby Law PLLC
Don’t sit back and let your investment losses go unresolved. If you or someone you care about experienced losses with Alliance Bernstein’s Options Advantage Strategy, get started on the road to recovery with Bixby Law PLLC. Our consultations and claim evaluations are free, confidential, and no-obligation. You aren’t out of pocket anything, and you don’t pay anything unless we obtain a recovery for you.
Call toll-free at (833) 547-4994 or email [email protected] to set up your free consultation. Our principal office is located at 1149 Creighton Road, Suite 7, Pensacola, FL 32504. We represent investors all over the nation – contact us today to find out how to recover your investment losses.
If you have questions or wish to reach out online, visit our Contact Options Advantage Strategy Lawsuit page.