KlaymanToskes Offers Recovery Options for Investors with Losses with AllianceBernstein and Sanford Bernstein “Option Advantage” Strategy
National investment loss lawyers KlaymanToskes is investigating AllianceBernstein and Sanford Bernstein following allegations that their brokers/financial advisors encouraged their customers to invest in a new complex options strategy known as the “Option Advantage” strategy.
Investors that suffered losses due to being recommended the Option Advantage strategy may hold their brokerage firm and financial professional responsible through an arbitration claim. Contact Lawrence L. Klayman, Esq. immediately at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation to discuss your legal options. We do not collect attorney’s fees unless we are able to secure a financial recovery for you.
AllianceBernstein and Sanford Bernstein have allegedly encouraged customers to invest in a new options strategy known as the “Option Advantage” strategy. Investors claiming to have been offered the strategy have alleged that it was promoted as a low-risk opportunity for customers of the firm to earn an additional one to two percent return on their assets. The investment recommendation is said to have also promoted the use of margin to avoid having investors deposit additional funds.
Contrary to how AllianceBernstein allegedly promoted the strategy to customers, the Option Advantage strategy purportedly used margin to speculate on the greater markets’ direction by buying and selling call and put options on the S&P 500. This led to high-risk, margined bets being placed based on the direction of market indexes. Investors may have faced severe losses as a result. AllianceBernstein previously admitted the strategy was not meant for volatile markets.
Investors that suffered losses with AllianceBernstein and/or Sanford Bernstein Option Advantage Strategy may hold the firms responsible. Contact KlaymanToskes for a free consultation at 888-997-9956 or lklayman@klaymantoskes.com to discuss your potential case and recovery options.
With over a century of combined experience, KlaymanToskes has represented thousands of investors throughout the world, resulting in the recovery of over $600 million on the behalf of investors, including $250 million in FINRA arbitration cases alone.
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.
Lawrence L. Klayman, Esq.
888-997-9956