Coral Gables, FL (PRWEB) September 30, 2011
The Securities Law Firm of Tramont Guerra & Nunez, P.A. (TGN) announces the launch of a website designed to provide a forum for the furtherance of investor rights for those who suffered losses from investments in Bank of America held with full-service brokerage firms. According to TGN, the Financial Regulatory Industry Authority (FINRA) rules and regulations of the securities industry were not established to eliminate the risks inherent in investing. Rather, the rules and regulations were designed to assure the complete and timely disclosure of all information relevant for investment decisions. Specifically, to allow investors to knowingly, and with a reasonable level of transparency, evaluate risk. Full-service brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice for securities held in customer accounts. TGN urges investors who acquired Bank of America stock through employment, inheritance or as a personal investment, which resulted in a concentrated stock position held with full-service brokerage firms, to consider what recourse is available to recover their investment losses.
According to TGN, many investors in Bank of America who held company stock with full-service brokerage firms were not educated about the risks associated with maintaining a concentrated stock position. Brokerage firms are required to supervise the activities in brokerage accounts, losses may be attributed to the failure to adequately supervise the stockbroker and the brokerage account. Recommendations which result in unsuitable investment advice and/or failure to recommend appropriate risk management strategies for unprotected concentrated stock positions are both causes of action that may be available to investors against their full-service brokerage firm in an individual securities arbitration claim filed with FINRA.
The Securities Law Firm of Tramont Guerra & Nunez, PA, is a nationally recognized, securities law firm. The securities law firm is committed to the education of investors throughout the country with respect to the rights of the investor community. It is our belief and conviction in the FINRA dispute resolution process and the legitimacy of investor rights that governs our efforts for investor advocacy. Investors who are interested in learning what action could have prevented the losses are encouraged to contact the firm. To request a confidential consultation from a TGN attorney to determine whether you have a viable individual securities arbitration claim for investment losses in Bank of America stock, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.
Destination URL http://www.bankofamericastocklosses.com/press-releases/