A decline in the market for a company's product is a material risk that should be disclosed to an investor by a financial advisor — Jacob Zamansky
New York, NY (PRWEB) March 11, 2013
Zamansky & Associates LLC investigates sales of Globus Maritime Limited ("Globus Maritime") stock to brokerage account customers of Ladenburg Thalmann & Co. Inc. ("Ladenburg Thalmann") and other firms. The investigation concerns whether sales of this stock were suitable for certain investors seeking conservative investments.
On June 29, 2011, Globus Maritime filed a Prospectus with the S.E.C. on its EDGAR database available at http://www.sec.gov for a $22 million offering of stock. Ladenburg Thalmann, a FINRA member, was listed as an underwriter. The Prospectus states that Globus Maritime is a Greece-based company which owns five vessels and is engaged in dry bulk shipping.
On July 31, 2012, the Hellenic Shipping News issued an article "Dry Bulk Market Suffers More Losses on Lack of Demand." The article reported on declines in the Baltic Dry Index, a benchmark for the dry bulk market. This report is consistent with Global Maritime's Prospectus which mentioned a general decline in the dry bulk carrier charter market.
The investigation concerns whether this decline in the dry bulk markets was disclosed to investors who purchased Global Maritime stock from a brokerage firm, or whether the stock was suitable for investors for certain investors seeking conservative investments.
According to Jake Zamansky, "a decline in the market for a company's product is a material risk that should be disclosed to an investor by a financial advisor."
What A Globus Maritime Shareholder Can Do
If you are an investor who suffered a loss and would like to discuss your legal rights or provide information to assist the investigation, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at 212-742-1414.
About Zamansky & Associates LLC
Zamansky & Associates LLC is one of the leading law firms specializing in securities fraud, class action and shareholder derivative litigation. We represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.