Hundreds of thousands of people in Spain have suffered serious harm from the irregular and opaque commercialisation of two products with a high risk of losses in the value of the investment: preference shares and subordinated debt. As we have seen in relation to other complex and risky financial products, preference shares and subordinated debt ended up in the hands of people with a totally unsuitable investor profile who, in most cases, believed that they were contracting risk-free savings with the capital fully guaranteed.
They never suspected that holding them exposed them to the loss of everything they had.
Col·lectiu Ronda has been one of the law firms that has represented the largest number of people affected by those products in court, winning more than 90% of favourable sentences and recovering millions of euros which have returned to the rightful hands: those of the people who were the object of deceit by the financial entities.