Many investors suffered near total losses on so called Lehman "structured products," also known as "principal protected notes," created by the now defunct brokerage firm Lehman Brothers. Some of the biggest brokerage houses, including UBS, Merrill Lynch, Citigroup, JP Morgan Chase and Wachovia recommended these Lehman Brothers products to some of their conservative clients.  A brochure pertaining to structured notes sold by Lehman Brothers Holdings Inc. in August 2008 - a month before Lehman Brothers filed for bankruptcy - promised "100 percent principal protection" and "uncapped appreciation potential" based on gains in the Standard & Poor's 500 Index. The brochure also claimed that in the worst case, the investor would get back the principal amount invested in three years. Of course, those assurances were untrue and a fraud on investors, who may have a viable claim against the broker that recommended the securities for the amount of the losses suffered on the investment.

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