CORAL SPRINGS, Fla., May 3, 2007 (PRIME NEWSWIRE) -- The Securities Law Firm, Blum & Silver, LLP (http://www.stockattorneys.com), announced that it has been retained by many clients who have been injured by financial advisors and their brokerage firms selling CMO derivatives including inverse floaters telling prospective clients they were buying AAA rated government bonds which could not lose its principal value.
The NASD has characterized certain tranches of CMO derivatives as highly speculative and only suitable for investors seeking to speculate. Blum & Silver, LLP is investigating the marketing methods and risk disclosures used by various securities firms when selling CMO derivatives.
Recently, the SEC initiated a federal lawsuit against Jamie Solow, an NASD registered broker, for the unsuitable sale of CMO derivatives amongst other violations of the federal securities laws. Blum & Silver, LLP represents numerous former clients of Jamie Solow in many arbitration claims attempting to recover their investment losses.
The Law Offices of Blum & Silver, LLP is a nationally-recognized securities and commodities law firm headquartered in South Florida with satellite offices in New York and North Carolina. The primary focus of the firm is representing investors worldwide with their claims for losses due to stockbroker misconduct and brokerage firm negligence in securities and commodities litigation and arbitration matters. The firm is the lead counsel in numerous securities arbitration cases against many brokerage firms. If you wish to discuss this announcement or have information relevant to our securities and commodities arbitration claims, please contact Darren C. Blum, Esq. of Blum & Silver, LLP, at 1-877-STOCK LAW (1-877-786-2552) or visit us on the web at http://www.stockattorneys.com.
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