The Securities Law Firm of Tramont Guerra Nunez, PA Urges All Lloyds Banking Group, PLC Class Action Participants to Consider Investment Recovery Options

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According to Tramont Guerra Nunez, PA, an individual FINRA securities arbitration claim may allow investors to claim larger losses in Lloyds Banking Group ADR stock based on higher market values that prevailed prior to the class period.

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The Securities Law Firm of Tramont Guerra & Nunez, P.A. (TGN) urges all Lloyds Banking Group class action participants to consider their investment recovery options. The class action lawsuit (Case No. 11-CV-08530) filed November 23, 2011 in the United States District Court of the Southern District of New York for the class period from October 1, 2008 to February 27, 2009. The class action lawsuit relates to the alleged facts surrounding the acquisition of Halifax Bank of Scotland (HBoS) on September 18, 2008 reported on Lloyds Banking Group SEC 6-K filing. According to the class action lawsuit, “Unbeknownst to the public, beginning on October 1, 2008, HBoS was insolvent, and had received Emergency Liquidity Assistance (ELA) from the Bank of England.” The class action alleges, “Defendants had actual knowledge about the HBoS’s financial condition, and in particular, its receipt of the ELA and the circumstances which necessitated the ELA, and their failure to disclose this information rendered their public filings materially false and misleading.” The class action asserts, “As a direct and proximate result of the foregoing material omissions and misrepresentations and the fraudulent scheme in which defendant participated, the market prices of Lloyds ADRs were artificially inflated throughout the Class period.” TGN urges investors who acquired Lloyds Banking Group ADR 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. The Financial Industry Regulatory Authority, (FINRA) is a self regulating organization with sales practice rules and regulations that govern the securities industry’s conduct and safeguard the investing public. Furthermore, an individual FINRA securities arbitration claim may allow investors to claim larger losses in Lloyds Banking Group ADR stock based on higher market values that prevailed prior to the class period.

According to TGN, many investors in Lloyds Banking Group ADR stock who held company stock with full-service brokerage firms were not educated about the risks associated with maintaining a concentrated stock position. 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. 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 http://www.stockmarketlosslawyer.com/the-process/causes-of-action/securities-concentration/ risk-management-strategies.html [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, Martindale Hubbell “AV” rated securities law firm. To request a confidential consultation from a TGN attorney to determine whether you have a viable individual securities arbitration claim for investment losses that exceed $250,000 from a full service brokerage account, 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.stockmarketlosslawyer.com/press-releases/lloyds-banking-group/

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David Chacin
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