National investment fraud lawyers KlaymanToskes continues investigating damages sustained by investors who held large, concentrated positions, margin accounts, unsuitable asset allocations, or had an account that was excessively traded. The firm seeks to inform investors of their recovery options following global investment losses following the fallout of the Covid-19 pandemic.
Investors that suffered losses at the hands of their brokerage/investment advisory firm are encouraged to contact attorney Lawrence L. Klayman, Esq. for a free consultation immediately at 888-997-9956 or lklayman@klaymantoskes.com to discuss your recovery options.
When brokerage/advisory firms and their brokers/advisors fail to recommend risk-management strategies to protect margined or concentrated positions, or unsuitably recommend the use of margin, they can be held liable in FINRA arbitration claims.
During the Covid-19 pandemic, investment portfolios saw tremendous declines due to market volatility. When the stock market crashed shortly after the Coronavirus impacted the United States, the collateral securities supporting investors’ margin experienced a significant decrease.
Consequently, brokerage firms initiated margin calls and caused their customers to incur substantial losses when their assets were liquidated. In numerous instances, these actions occurred without providing investors an opportunity to deposit additional collateral, which could have increased the value of their portfolios.
Furthermore, brokerage firms should have implemented risk management strategies to protect customers’ concentrated and/or margined positions. In KlaymanToskes opinion, the use of these strategies would have avoided the need for additional collateral.
Customers of full-service brokerage firms who held large, unhedged concentrated stock positions, margin accounts, unsuitable asset allocations, or whose account has been excessively traded and suffered significant losses due to Covid-19 market conditions may have recovery options. Contact attorney Lawrence L. Klayman, Esq. for a free consultation immediately at 888-997-9956 or lklayman@klaymantoskes.com to discuss your recovery options.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com