The Law Firm of David R. Chase, P.A., headed by former Securities and Exchange Commission Prosecutor and Special Assistant United States Attorney, David R. Chase, is currently representing investors against securities brokerage firms, including Securities America and Workman Securities Corporation, which sold Medical Capital Securities. These FINRA Arbitration claims allege that the brokerage firms failed to conduct adequate due diligence of Medical Capital prior to agreeing to sell it to its retail customers, and that they materially misrepresented the true nature and risks of this product when soliciting it.
On July 16, 2009, the Securities and Exchange Commission filed an emergency court action to halt an alleged $77 million offering fraud perpetrated by Medical Capital Holdings, Inc., and others. The SEC's Complaint claims that the defendants defrauded investors by misappropriating about $18.5 million of investor funds and by misrepresenting to investors that no prior offerings had defaulted on or been late in making payments to investors of principal and/or interest.
Although a class action has been filed against certain broker-dealers that sold Medical Capital securities, investors who have suffered substantial losses should seriously consider pursuing their own individual FINRA arbitration claims as a potentially superior alternative to joining a class action. Unlike a class action, a FINRA arbitration claim allows you to: (1) chose your own counsel (only the lead plaintiff has this right in a class action), (2) have your unique facts presented to an arbitration panel, (3) control the decision whether to settle your case and for how much, and (4) generally secure a result within approximately twelve months, as opposed to potentially years with a class action.
The Law Office of David R. Chase, P.A., based in Fort Lauderdale, Florida, represents investors worldwide in cases against the major Wall Street Firms. David R. Chase has been practicing for over 17 years, is AV-Rated by Martindale-Hubbell -- its highest competence and ethics rating -- and previously served as a securities prosecutor for the Federal Government. More about the firm is available on its website at: www.davidchaselaw.com.
If you suffered losses in Medical Capital Holdings, call now for a free and confidential case evaluation.
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The securities law firm of David R. Chase, P.A. (the "Firm"), headed by former SEC Prosecutor David R. Chase, is currently investigating claims on behalf of investors who purchased Lehman Brothers Principal Protected Notes or other Lehman Structured Notes, which were heavily marketed and sold by several of the major Wall Street Firms, including UBS.
The Lehman Brothers Principal Protected Notes were pitched to investors, including retirees and the elderly, seeking a safe and conservative “risk free” haven for their monies. As is now painfully clear, the "100 percent principal protection" guarantee was illusory as it became essentially worthless when Lehman declared bankruptcy. In certain egregious situations, the Lehman Principal Protected Notes were sold to investors just prior to Lehman's bankruptcy filing.
Significantly, New Hampshire’s Securities Regulator filed a claim against UBS alleging that it failed to warn investors about the risks of its structured investment products once Lehman Brothers began to suffer financial problems.
The Firm is also investigating investor claims for losses resulting from broker's recommendations of Lehman Brothers Preferred and Common Stock made within the last few months prior to Lehman's bankruptcy filing on September 15, 2008. It is also looking at potential claims by investors who were over-concentrated in Lehman Brothers Securities or that of any other financial institution and suffered significant losses.
The Law Firm of David R. Chase, P.A., has extensive experience representing defrauded investors nationwide in securities arbitration matters. The Firm's principal, David R. Chase, has over seventeen (17) years of experience, is AV-Rated by Martindale-Hubbell (its highest rating), and previously served as Senior Counsel in the Enforcement Division of the Securities and Exchange Commission, and as a Special Assistant United States Attorney in the Economic Crimes Division of the United States Attorney's Office in the Southern District of Florida. More about the firm is available on its website at: www.davidchaselaw.com.
If you suffered losses in Lehman Brothers Principal Protected Notes, or Lehman Brothers Preferred or Common Stock, call now for a free and confidential case evaluation.
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The Law Firm of David R. Chase, P.A. (the "Firm"), headed by former Securities and Exchange Commission Prosecutor, David R. Chase, is currently representing investors across the nation, including elderly retirees, in FINRA Arbitration cases against Deutsche Bank Securities for its sale of the Aravali Fund, LP.
The cases generally allege that Deutsche Bank misrepresented the Aravali Fund as a conservative, low-risk investment when, in fact, it was extremely risky and speculative given its highly leveraged interest rate arbitrage strategy. Certain of the cases allege that the sale of the Aravali Fund was unsuitable given the investor’s age, investment objectives and risk tolerance. The Aravali Fund lost greater than 90% of its value, causing massive investor losses.
The Law Firm of David R. Chase, P.A., has extensive experience representing defrauded investors nationwide in securities arbitration matters. The Firm's principal, David R. Chase, has seventeen (17) years of experience, is AV-Rated by Martindale-Hubbell (its highest rating), and previously served as Senior Counsel in the Enforcement Division of the Securities and Exchange Commission, and as a Special Assistant United States Attorney in the Economic Crimes Division of the United States Attorney's Office in the Southern District of Florida. More about the firm is available on its website at: www.davidchaselaw.com.
If you suffered losses in the Aravali Fund, call now for a free and confidential case evaluation.
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