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NEW YORK–(BUSINESS WIRE)–KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating the damages sustained by investors who held large, unhedged concentrated positions, margin accounts, unsuitable asset allocations, or had an account that was excessively traded (known as “Churning”).
Investment portfolios have seen tremendous declines in the last month. Investors quickly saw the major indices lose significant value after closing on Friday, February 21, 2020 at near 52-week highs. Recent market volatility is being caused by the Coronavirus pandemic (“COVID-19”). Large populations across the world have been quarantined and/or are on lockdown. Governments are implementing social distancing to combat COVID-19, since there is currently no vaccine or cure. All the uncertainty has led to a major sell-off in the stock market.
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 have suffered significant losses due to the recent market conditions may have been irreversibly harmed. Brokerage firms must comply with FINRA sales practice rules and regulations and can otherwise be subject to a legal cause of action through FINRA arbitration.
The sole purpose of this release is to investigate whether strategies deployed by investment firms were suitable for investors with large, unhedged concentrated stock positions, margin accounts, unsuitable asset allocations, or were excessively traded. Investors who held accounts at full-service brokerage firms, and have information relating to the manner in which the firm handled their portfolios during the recent decline, are encouraged to contact the attorneys of KlaymanToskes at (561) 542-5131, or visit our firm’s website at www.klaymantoskes.com.
About KlaymanToskes
KT is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds. KT has office locations in California, Florida, New York, and Puerto Rico.
Destination: https://klaymantoskes.com/notice-to-investors-who-suffered-stock-market-losses-due-to-covid-19/
KlaymanToskes
Lawrence L. Klayman, Esq., (561) 542-5131
lklayman@klaymantoskes.com
www.klaymantoskes.com