One thing is certain, Wall Street will forever be ingeniously finding new ways to pick people's pockets by creating investments that defy understanding.  This is merely a variation of that old saying, "if you cannot dazzle them with brilliance, baffle them with bullsh_t."  A perfect example is the so called "Reverse Collectible Note."  Brokers tell their clients that this investment is a short-term note linked to an underlying stock which offers a steady stream of income due to the payment of a high interest rate and at maturity the owner will receive either 100% of the par value or, if the stock value falls, a predetermined number of shares of the underlying stock.  This sounds good, but in reality, it stinks.  This is because the worse the performance of the underlying stock, the better the outcome for the issuer of the security.  This situation invites the selection of a stock that is likely to tank.  In other words, the issuer has a direct conflict of interest with the investor from day one.  Notwithstanding this fact, brokers are able to sell the investment because it pays a high rate of interest, as much as 18%.  Because they are very speculative and risky, Reverse Collectible Notes are unsuitable for unsophisticated investors or for retirement planning.  Our firm is accepting clients who made unsuitable investments on the recommendation of brokers and financial advisers on a contingency fee basis.

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