A recent article published by AARP aptly describes reverse convertible investments as a “time bomb” involving extreme risks for senior citizens and other investors. John F. Wasik’s article entitled “The Time Bomb in Your Nest Egg,” is a “must read” focusing on reverse convertibles and other structured product investments, which are being marketed to conservative fixed income investors seeking better yields. Sales are rising, and so are losses – $164 billion in the last two years, according to the article. As Mr. Wasik states at the outset, “They’re sold as supersafe investments’ [a]nd they’re not to be trusted.”