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Article: Securities Litigation and Consulting Group, Inc. Releases 'Structured Products in the Aftermath of Lehman Brothers'.
- Article from:
- PR Newswire
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, Nov. 4 /PRNewswire/ -- Updating research first released in 2006, Securities Litigation and Consulting Group, Inc. ("SLCG") today issued a study of Lehman Brothers' structured products program entitled "Structured Products in the Aftermath of Lehman Brothers."
SLCG's prior research showed that structured products were poor investments because they were significantly overpriced when offered and were, at best, thinly traded thereafter. SLCG concluded that overpriced structured products survived in the marketplace because structured products' opaqueness obscured their true risks and costs and the high fees earned by underwriters and salespersons.
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