National investment loss lawyers KlaymanToskes is investigating Aegis Capital for their unsuitable sale and recommendation of investments in Meta Materials Inc. (formerly, Torchlight Energy Resources Inc) under the symbol MMAT (TRCH) to their customers. The law firm urges all investors who suffered investment losses in excess of $100,000 to contact the firm immediately at 888-997-9956.
KlaymanToskes is investigating Aegis Capital and other brokerage/investment advisory firms who unsuitably recommended Meta Materials Inc (Torchlight Energy Resources Inc) and other Aegis Capital-underwritten investment offerings to their customers. Aegis Capital underwrote a $2,300,000 offering of Meta Materials Inc (Torchlight Energy Resources Inc) on January 14, 2020, which has had a post-offering return of -97.9% as of February 28, 2024.
A recent analysis by financial economics consulting firm SLCG determined that a multitude of offerings underwritten by Aegis Capital were issued by nano stock companies constantly on the verge of delisting and bankruptcy, and over 95% of Aegis Capital’s underwritings underperformed the average microcap stock.
As the sole manager for 186 investment offerings totaling $1.9 billion, Aegis Capital is responsible for conducting proper, complete and accurate due diligence, and has a heightened duty to disclose any potential risks to its customers. As a registered FINRA broker-dealer, Aegis Capital Capital has a responsibility to provide its customers with suitable investment advice, and to avoid conflicts of interest.
Investors who suffered losses in excess of $100,000 due to a recommendation to invest in unsuitable investments by their brokerage firm/financial advisor are encouraged to contact KlaymanToskes immediately at 888-997-9956 or investigations@klaymantoskes.com to discuss our investigation and legal options.
Investment firms may be held liable for any losses incurred by their customers in the event of unsuitable investment recommendations, misrepresentations or omissions of material facts, and/or an overconcentration of the customer’s portfolio in one particular investment, class, or market sector, as well as failure to conduct adequate due diligence on investment offerings underwritten by the firm. Depending on the circumstances, investors may be entitled to recover their losses through FINRA arbitration.
FINRA (the Financial Industry Regulatory Authority) is a self-regulatory organization that oversees brokers and brokerage firms. In the event of a dispute between an investor and their financial advisor, investors can choose to file a FINRA arbitration claim. The arbitration process is designed to be much faster than the court system and allows both parties to present their case before a panel of arbitrators. The arbitrators will then decide how to resolve the dispute, including ordering the advisor to pay damages for any losses suffered by the investor.
If you suffered losses in excess of $100,000 due to unsuitable recommendations to invest in Meta Materials Inc (Torchlight Energy Resources Inc) and/or any other investments underwritten by Aegis Capital, contact KlaymanToskes immediately at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss our investigation and legal options.
KlaymanToskes is a leading law firm whose sole focus is in the area of securities arbitration and litigation. The firm has represented thousands of brokerage clients throughout the world that maintained accounts with U.S. brokerage firms, resulting in the recovery of over $250 million in FINRA arbitration cases.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you purchased unsuitable Meta Materials Inc. (Torchlight Energy Resources Inc) investments, or any other Aegis Capital -underwritten investments through your financial advisor/brokerage firm, and suffered losses in excess of $100,000, contact KlaymanToskes at 888-997-9956 or by email at investigations@klaymantoskes.com for a free and confidential consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.