Did You Invest in United Community Bank’s Callable Fixed to Floating Rate Market-Linked Certificates of Deposit Linked to a CMS Spread Maturing August 23, 2033 (CUSIP: 90984P4P7)?
According to United Community Bank’s prospectus on CUSIP: 90984P4P7:
The market-linked certificates of deposit are not registered under the Securities Act of 1933, as amended, or any state securities law, and are not required to be so registered. The market-linked certificates of deposit have not been approved or disapproved by any federal or state securities commission or banking authority.
Investors ought to be cautious with this type of investment. According to the Financial Industry Regulatory Authority (FINRA):
If you bought the structured product known as United Community Bank’s Callable Fixed to Floating Rate Market-Linked Certificates of Deposit Linked to a CMS Spread Maturing August 23, 2033 CUSIP: 90984P4P7, and it was sold to you as a safe, liquid, and/or conservative investment, and then you suffered losses, you may have a claim. Contact the attorneys at Sonn Law Group for free consultation.
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