Category: Featured Cases

ATTENTION CROWN CAPITAL SECURITIES GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Continues Pursuit of FINRA Arbitration Claims for GPB Investment Losses

ATTENTION CROWN CAPITAL SECURITIES GPB CAPITAL INVESTORS: National Investor Fraud Law Firm KlaymanToskes Continues Pursuit of FINRA Arbitration Claims for GPB Investment Losses

Crown Capital GPB Capital Investment Losses? KlaymanToskes Announces Crown Capital GPB Capital Investigation National investor fraud law firm, KlaymanToskes (“KT”), is investigating (“Crown Capital GPB Capital Investigation”) FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars in GPB Capital Holdings (“GPB”). Brokerage firms such as Crown Capital sold and marketed non-registered private placement notes through inadequate disclosure of illiquidity, high risks, and commissions, which made the investments unsuitable for most investors. SEC Lawsuit Against GPB Capital In November 2021, the Monitor over GPB Capital filed a Quarterly Report in the SEC’s lawsuit stating that…

UNITED PLANNERS GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Encourages United Planners Customers Who Invested in GPB Capital Holdings to Explore Legal Options in Light of Ongoing SEC Action

UNITED PLANNERS GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Encourages United Planners Customers Who Invested in GPB Capital Holdings to Explore Legal Options in Light of Ongoing SEC Action

United Planners GPB Capital Investment Losses?  If you were recommended to invest in private placement securities of GPB Capital Holdings and have losses in excess of $100,000, contact us today at (888) 997-9956 National investor fraud law firm, KlaymanToskes (“KT”), advises former and current customers of United Planners Financial Services who invested in GPB Capital Holdings (“United Planners GPB Capital Investigation”) to explore their legal options in light of the ongoing Securities & Exchange Commission (“SEC”) action against GPB Capital. KT strongly encourages investors who purchased GPB Capital through United Planners to consider filing a securities arbitration claim with the Financial…

SAGEPOINT FINANCIAL GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Encourages SagePoint Financial Customers Who Invested in GPB Capital Holdings to Explore Legal Options in Light of Ongoing SEC Action

SAGEPOINT FINANCIAL GPB CAPITAL INVESTOR ALERT: National Investor Fraud Law Firm KlaymanToskes Encourages SagePoint Financial Customers Who Invested in GPB Capital Holdings to Explore Legal Options in Light of Ongoing SEC Action

SagePoint Financial GPB Capital Investment Losses?  If you were recommended to invest in private placement securities of GPB Capital Holdings and have losses in excess of $100,000, contact us today at (888) 997-9956. National investor fraud law firm, KlaymanToskes (“KT”), advises former and current customers of SagePoint Financial who invested in GPB Capital Holdings to explore their legal options in light of the ongoing Securities & Exchange Commission (“SEC”) action against GPB Capital. KT strongly encourages investors who purchased GPB Capital through SagePoint Financial to consider filing a securities arbitration claim with the Financial Industry Regulatory Authority (“FINRA”) as an additional…

ATTENTION CURRENT AND FORMER OPPENHEIMER CUSTOMERS WHO INVESTED IN HORIZON PRIVATE EQUITY III: National Investor Fraud Law Firm KlaymanToskes Announces Investigation of Potential Claims on Behalf of Oppenheimer Customers Over Ponzi Scheme Losses

ATTENTION CURRENT AND FORMER OPPENHEIMER CUSTOMERS WHO INVESTED IN HORIZON PRIVATE EQUITY III: National Investor Fraud Law Firm KlaymanToskes Announces Investigation of Potential Claims on Behalf of Oppenheimer Customers Over Ponzi Scheme Losses

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (“Horizon Oppenheimer Investigation”) of potential FINRA arbitration claims on behalf of former and current Oppenheimer & Co., Inc. (“Oppenheimer”) customers who invested in the alleged Horizon Private Equity III (“Horizon”) Ponzi scheme. Horizon Oppenheimer Investigation – Oppenheimer, Southport Capital, and Horizon Private Equity III Ponzi Scheme Investors are suing Oppenheimer for its role in enabling a massive Ponzi scheme devised by Marietta, Georgia resident and former Oppenheimer registered representative, John Woods, which was operated through his firm, Southport Capital. From 2008 to 2016, John Woods and his brother Jim…

NOTICE TO ROBINHOOD FINANCIAL LLC INVESTORS - KlaymanToskes is Pursuing Arbitration Claims for Robinhood Trading Restrictions

NOTICE TO ROBINHOOD FINANCIAL LLC INVESTORS - KlaymanToskes is Pursuing Arbitration Claims for Robinhood Trading Restrictions

KlaymanToskes, P.A. (“KT”), a leading national securities arbitration law firm, announces an investigation on behalf of Robinhood Financial, LLC (“Robinhood”) investors who sustained losses in Gamestop (NYSE: GME) and other select securities due to trading restrictions imposed by Robinhood in January 2021. If you have suffered losses due to Robinhood Financial trading restrictions, please fill out our contact form on this page connect with a securities arbitration lawyer. Robinhood and January 2021 Trading Restrictions On January 28, 2021, Robinhood announced it restricted traders on its platform from opening new positions in several stocks and raised margin requirements on certain securities…

NOTICE TO UBS PUERTO RICO CUSTOMERS: Klayman & Toskes and Carlo Law Offices File $15 Million FINRA Claim Against UBS for Concentration in Puerto Rico Government Bonds and Closed-End Bond Funds in the Wake of Puerto Rico’s Bankruptcy Filing

NOTICE TO UBS PUERTO RICO CUSTOMERS: Klayman & Toskes and Carlo Law Offices File $15 Million FINRA Claim Against UBS for Concentration in Puerto Rico Government Bonds and Closed-End Bond Funds in the Wake of Puerto Rico’s Bankruptcy Filing

San Juan, Puerto Rico.  May 5, 2017 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.sueubspuertorico.com, together with Carlo Law Offices, P.S.C. located in Puerto Rico, announced today that they filed a FINRA claim against UBS Financial Services Incorporated of Puerto Rico and UBS Financial Services, Inc. (NYSE: UBS) (collectively “UBS”) for $15 million.  The claim has been filed in the wake of Puerto Rico’s recent bankruptcy filing, which is the largest in U.S. Municipal history. According to the Claim, the Claimant entrusted his retirement assets to UBS with an investment objective of current income and capital preservation.…

NOTICE TO UPS EMPLOYEES/SHAREHOLDERS: Klayman & Toskes, P.A. Files $1,000,000 FINRA Arbitration Claim on Behalf of Retired UPS Employee for Losses Suffered as a result of Merrill Lynch’s Unsuitable Recommendation to Invest in Rampart Strategy

NOTICE TO UPS EMPLOYEES/SHAREHOLDERS: Klayman & Toskes, P.A. Files $1,000,000 FINRA Arbitration Claim on Behalf of Retired UPS Employee for Losses Suffered as a result of Merrill Lynch’s Unsuitable Recommendation to Invest in Rampart Strategy

NEW YORK, March 13, 2017 (GLOBE NEWSWIRE) — The securities arbitration law firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, has filed a $1,000,000 FINRA arbitration claim [FINRA Case No. 17-00599] on behalf of retired United Parcel Service (“UPS”) (NYSE: UPS) employee for losses suffered as a result of Merrill Lynch’s unsuitable recommendation to invest in Rampart Strategy. According to K&T, the investigation focuses on Merrill Lynch’s sales practices for customers who acquired UPS stock through UPS’ Employee Stock Purchase Plan or Managers Incentive Program and were advised by Merrill Lynch to implement a covered call strategy on their concentrated…

NOTICE TO UBS PUERTO RICO CUSTOMERS: Klayman & Toskes Files $8.5 Million Suit Against UBS as it Investigates Claims for Over-Concentration in Puerto Rico Government Bonds and Closed-End Bond Funds

NOTICE TO UBS PUERTO RICO CUSTOMERS: Klayman & Toskes Files $8.5 Million Suit Against UBS as it Investigates Claims for Over-Concentration in Puerto Rico Government Bonds and Closed-End Bond Funds

San Juan, Puerto Rico.  January 13, 2017 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.sueubspuertorico.com, together with Carlo Law Offices, P.S.C. located in Puerto Rico, announced today that they filed a claim against UBS Financial Services Incorporated of Puerto Rico and UBS Financial Services, Inc. (NYSE: UBS) (collectively “UBS”) for $8.5 million.  According to the Claim, the Claimant entrusted assets to UBS with the investment objective of capital preservation. However, UBS ultimately concentrated the account in Puerto Rico Government Bonds (“PRGBs”) and its proprietary Puerto Rico closed-end bond funds (“UBS PR CEBFs”), which are leveraged and concentrated…

Puerto Rico Residents with Morgan Stanley Brokerage Accounts: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues to Pursue FINRA Arbitration Claim Against Morgan Stanley for Sales Practices Violations

Puerto Rico Residents with Morgan Stanley Brokerage Accounts: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues to Pursue FINRA Arbitration Claim Against Morgan Stanley for Sales Practices Violations

San Juan, Puerto Rico (HISPANICIZE WIRE) – September 30, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes¸ P.A. (“K&T”), www.klaymantoskes.com, continues to pursue FINRA arbitration claim [FINRA Case No. 14-01090] against Morgan Stanley (NYSE: MS) for sales practices violations in light of information disclosed in $4.7M settlement the firm reached with the state of Mississippi evidencing the firm’s mishandling of critical client profile information. The consent order contains details of the settlement between Morgan Stanley and the state of Mississippi which suggests that client investment objective and risk tolerance information were entered incorrectly while transferring numerous client…

Notice to Merrill Lynch Clients with Rampart Options Management Services Program: Klayman & Toskes, P.A. Continues to Pursue $1,000,000 FINRA Arbitration Claim on Behalf of UPS Employee for Mismanagement of Concentrated Stock Position

New York, June 28, 2016 (GLOBE NEWSWIRE) – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announced today that it is continuing to pursue a $1,000,000 FINRA arbitration claim against Merrill Lynch [FINRA Case No. 16-01593] on behalf of UPS (NYSE:UPS) employee for losses sustained from an unsuitable recommendation to invest in the Rampart Options Management Services Program (“Rampart”). The Claimant worked for over 23 years with UPS and accumulated shares of the company through UPS’ Employee Stock Purchase Plan and Managers Incentive Program, according to the Claim.  Merrill Lynch and its financial advisor recommended Rampart…

Notice to Merrill Lynch Clients with Rampart Options Management Services Program: Klayman & Toskes, P.A. Files $500,000 Claim on Behalf of UPS Employee for Mismanagement of Concentrated Stock Position

  New York, June 10, 2016 (GLOBE NEWSWIRE) – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announced today that it has filed a claim against Merrill Lynch on behalf of a UPS (NYSE:UPS) employee for losses sustained from an unsuitable recommendation to invest in the Rampart Options Management Services Program (“Rampart”).  The suit was filed with FINRA’s Arbitration Department and is seeking damages of $500,000. According to the Claim, the Claimant worked over 23 years with UPS and accumulated shares of the company through UPS’ Employee Stock Purchase Plan and Managers Incentive Program.  Merrill Lynch…

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Comments on Trading Halt in United Development Funding IV Shares Reported in SEC Filings

Boca Raton, Florida (Globe Newswire) February 25, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, comments on the recent SEC Form 8-K filing reported by United Development Funding IV (NASDAQ:UDF) to shareholders. The United Development Funding IV SEC filing, dated February 22nd, reported “law enforcement authorities executed a search warrant at the corporate office of United Development Funding IV.” According to the SEC filing, following law enforcement actions United Development Funding IV received a notice from The NASDAQ Global Select Market (“NASDAQ”) of a trading halt in the company’s stock which is still in…

Klayman & Toskes, P.A. Wins $2.25 Million FINRA Arbitration Award in Favor of Retired UPS Executive With Concentrated Stock Position Against Citigroup Global Markets

Boca Raton, Florida (GLOBE NEWSWIRE) February 10, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com announced a major victory today in winning a significant $2.25 million award against Citigroup Global Markets (NYSE: C) for FINRA securities arbitration Case No. 14-00199. The securities arbitration panel heard testimony for six days in Atlanta, Georgia before an award in the amount of $2.25 million was made in favor of a retired UPS executive, represented by attorneys, Steven D. Toskes, Esq. and Raymond Gentile, Esq. Citigroup has since paid the award. The Claimant alleged causes of action related…

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues to Investigate Sales Practices Violations Related to Credit Suisse X-Links and Velocity Shares ETNs

Boca Raton, Florida (BUSINESSWIRE) – January 21, 2016 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com, continues to investigate Financial Industry Regulatory (FINRA) sales practice violations related to Credit Suisse Securities USA (“Credit Suisse”) X-Links and Velocity Shares Exchanged Traded Notes (ETNs). Credit Suisse X-Links and Velocity Shares ETNs are issued by affiliated banks, Credit Suisse A.G and Credit Suisse Group A.G., ADR (NYSE:CS). In some instances, Credit Suisse X-Links and Velocity Shares performance is linked to oil prices, energy-related master limited partnerships and commodity indexes. Credit Suisse manages its proprietary X-Links and Velocity Shares ETNs,…

AEELA throws UBS under the Bus for the Management of Puerto Rico Government Bond

Noticel.com August 4, 2014 From 2010 to 2012 there was an increase of $ 50 million to over $ 300 million in the amount of assets of the Association of Employees of the Commonwealth (AEELA) managed by UBS, among these, bonds of the Corporation for Public Financing (PFC, for its acronym in English). PFC bonds, maturing in early August, will be the first default in the history of the Government of Puerto Rico. During that period, UBS AEELA acquired for about $ 179 million in bonds of Puerto Rico, which increased to $ 212 million the amount of related financial…

The Securities Law Firms Klayman & Toskes, P.A. and Carlo Law Offices Comment on Recent Standard & Poor’s Credit Downgrade Decision To Cut Puerto Rico Public Finance Corp. Bond Credit Ratings

SAN JUAN, Puerto Rico (Globe Newswire) – July 21, 2015 – The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.sueubspuertorico.com, and Carlo Law Offices comment on Standard & Poor’s (“S&P”) decision to downgrade the credit rating on debt issued by Puerto Rico Public Finance Corp’s (“PRPFC”) in 2011 and 2012 from “CCC-” to “CC”. The S&P rating agency downgrade came after the PRPFC failed to transfer money to the bond trustee for the $58 million bond payment due Aug 1st. As a matter of practice, funds are transferred 15 days in advance of payment date. With this…

The Securities Arbitration Law Firm of Klayman & Toskes, PA Announces Investigation into Virtus AlphaSector Funds Managed by F-Squared Investments

Boca Raton, Florida (GLOBE NEWSWIRE) June 25, 2015 — The securities arbitration law firm of Klayman & Toskes, P.A. (“K&T”), www.klaymantoskes.com, announced an investigation into sales practices related to investments in Virtus AlphaSector® Funds sold and marketed by brokerage firms and registered investment advisors (RIAs).  Virtus AlphaSector® Funds were managed by sub-advisor, F-Squared Investments.  F-Squared Investment has been the subject of Securities Exchange Commission (SEC) investigations into how F-Squared Investments’ historical performance had been calculated and misrepresented to investors. According to the SEC, F-Squared Investments as part of a $35 million fraud settlement, admitted to the SEC fraud allegations.  The SEC charged…

FINRA Arbitration Claim Filed By the Securities Arbitration Law Firm of Klayman & Toskes, P.A. and Carlo Law Offices Against UBS on Behalf of Retired Couple For Losses in Puerto Rico Municipal Bonds and UBS Proprietary Closed-End Funds

San Juan, Puerto Rico, March 11, 2015 (GLOBE NEWSWIRE) — The securities arbitration law firm of Klayman & Toskes, P.A., and the Carlo Law Offices, P.S.C., located in Puerto Rico, recently filed a securities arbitration claim with the Financial Industry Regulatory Authority (FINRA), on behalf of a retired couple against UBS Financial Services Incorporated of Puerto Rico and UBS Financial Services, Inc. (NYSE:UBS) (collectively “UBS”). The securities arbitration claim alleges financial damages that were the result of FINRA sales practices violations, including unsuitable investment advice, that resulted in concentrated investments in Puerto Rico municipal bonds and UBS’ proprietary closed-end bond…