New York, New York (PRWEB) September 07, 2013
Zamansky LLC announces it is investigating alleged sales of Grifphon Funds by brokerage firms and financial advisors. Grifphon Funds were based in Portland, Oregon, and their main principal was Yosef Jawed.
On September 20, 2012, the SEC issued Litigation Release 22487 announcing that it had filed fraud charges against Jawed for the Grifphon Funds. The case was filed in the U.S. District Court for the District of Oregon, Docket No. 12-1696. The Complaint alleges that Jawed ran a $37 million fraudulent Ponzi scheme.
Recently, on August 1, 2013, a FINRA arbitration panel issued an award for an investor against Raymond James for alleged misrepresentation in connection with the sale of the Grifphon Alpha to an investor. The case is FINRA No. 12-1905.
Zamansky LLC is investigating sales of Grifphon funds to investors by brokerage firms and financial advisors. According to stock fraud attorney Jake Zamansky, this FINRA award confirms that brokerage firms have duties to strictly scrutinize and supervise sales of private or alternative investments to investors. Private investments and hedge funds are risky investments that are not appropriate for all investors, Zamansky states. Any investor who is concerned about an investment he or she holds, should have it reviewed by a professional, Zamansky states.
What Investors Can Do
If you were an investor in Grifphon Funds and they were sold to you by a brokerage firm or financial advisor, and you would like to have your account 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.
About Zamansky LLC
Zamansky LLC is one of the leading securities fraud law firms specializing in securities class actions and FINRA securities arbitration. We are stock fraud attorneys who 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.
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414