Coral Gables, Florida (Vocus/PRWEB) March 25, 2011
The Securities Law Firm of Tramont Guerra & Nunez, P.A. (TGN) provides notice to all class members of the United Western Bancorp class action lawsuit (Case No. 11 CV 00624) filed in the United States District Court for the District of Colorado for the class period from September 17, 2009 through March 11, 2011. The named Defendants include investment banks, Sandler O’Neill & Partners, LP and FBR Capital Markets & Co., who underwrote the securities Offering in September 17, 2009. The class action lawsuit alleges Defendants, “consummated the Offering pursuant to the false and misleading Registration Statement.” The class action further alleges, “Underwriter Defendants’ failure to conduct an adequate due diligence investigation was a substantial factor leading to the harm complained of herein.” In light of these developments, TGN urges investors who held United Western Bancorp stock 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 securities arbitration claim may allow investors to claim larger losses in United Western Bancorp stock based on higher market values that prevailed prior to the class period.
For many investors, United Western Bancorp stock represented a long term holding acquired through investment, inheritance or as an employee of the company. Full-service brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice concerning risk management strategies for concentrated stock positions. Brokerage firms are required to supervise the activities in brokerage accounts. Investment losses may be attributed to the failure to adequately supervise the stockbroker and the brokerage account. Recommendations of unsuitable investments and/or maintaining 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.