New York, NY (PRWEB) June 04, 2013
Zamansky & Associates LLC has filed a FINRA arbitration on behalf of investors who are in their late 60s against brokerage firm, Morgan Keegan & Company and its successor brokerage firm, Raymond James & Associates. The case is FINRA No. TN 1300584.
The Statement of Claim in the arbitration alleges that the Claimants are a husband and wife in their late 60s who were unsophisticated, had a struggling business and the wife had a chronic medical condition. As a result, they allege in the Statement of Claim that they wanted to be conservative and could not afford to risk losing their savings. The Statement of Claimant alleges that their financial advisor at Morgan Keegan traded an account they had aggressively, and used excessive margin. The financial advisor also traded risky stocks such as Solazyme, Swisher Hygiene, Alcatel Lucent and Frontline Ltd., they allege in the Statement of Claim, which resulted in their loss of $150,000. Raymond James & Associates is alleged in the Statement of Claim to be liable as a successor firm.
What Investors Can Do
If you are an investor and would like to have your brokerage accounts or investments reviewed or discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
Zamansky & Associates LLC is one of the leading law firms specializing in securities fraud and financial services arbitration and class action litigation. We represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
To learn more about Zamansky, please visit our website, http://www.zamansky.com.
Zamansky & Associates, LLC
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414