Cincinnati, Ohio (PRWEB) February 18, 2013
The law firm of Statman, Harris & Eyrich, LLC announces it is investigating the marketing practices of brokerage firms and brokers that solicit unsophisticated individuals to invest in speculative alternative investments.
According to a recent The New York Times article, Speculative Bets Prove Risky as Savers Chase Payoff (February 10, 2013; http://www.nytimes.com), regulators are confronting a wave of fraud upon investors seeking alternative investments to recoup losses in their mutual fund and stock portfolios in the wake of the financial crisis. The alleged fraudulent practices relate to the promotion of speculative and complex investment vehicles, such as private placements, real estate investment trusts, and business development companies, to unsophisticated investors. According to the article, given the Federal Reserve’s pledge to keep interest rates near zero, regulators are warning investors of increased aggressive marketing strategies of brokerage firms seeking to increase revenue by promoting speculative products to investors hoping to make better returns than bank deposits or government bonds.
Investors who have incurred losses resulting from speculative investments promoted by aggressive investment brokers and wish to discuss their rights relating to this investigation, are encouraged to contact Brian Giles, Esq. at (513) 345-8181 or by e-mail at classaction(at)statmanharris(dot)com for further information without any cost or obligation.
Statman, Harris & Eyrich, LLC, which has significant experience in consumer and securities fraud class actions and derivative litigation, has offices in Chicago, Illinois; Cincinnati, Ohio; Dayton, Ohio; Detroit, Michigan; and Sarasota, Florida. http://www.statmanharris.com Attorney advertising. Prior results do not guarantee similar outcomes.
Statman, Harris & Eyrich, LLC
Brian Giles Esq.
441 Vine Street, Suite 3700
Cincinnati, Ohio 45202
Phone: (513) 345-8181