CORAL SPRINGS, Fla., Nov. 20, 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 selling phony securities offered through Ed May ("May") and E-M Management Co., LLC, ("E-M").
On November 20, 2007, the SEC filed an action against E-M and May. According to the SEC's press release, "The SEC's actions charge Detroit-area resident Edward May and E-M Management Co. LLC with selling investors shares of limited liability companies that they claimed had received revenues from telecommunications equipment and services contracts with hotels, casinos, resorts and similar establishments, many of which were purportedly located in Las Vegas. In fact, no such contracts ever existed. To perpetrate their fraudulent scheme, May and E-M relied on a network of individuals, some of whom organized "investment seminars" to entice investors to invest with E-M."
Blum & Silver, LLP has been retained by numerous former clients of Frank Bluestein of Gunnallen Financial to represent them in arbitration claims attempting to recover their investment losses in E-M investments. Upon information and belief, Bluestein actively solicited investors for E-M deals.
Blum & Silver, LLP continues to investigate the matter including potential liability of other participants in E-M. 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 Scott L. Silver, Esq. or 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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