MIAMI, Oct. 2, 2014 (GLOBE NEWSWIRE) -- Nationally recognized securities law firm Dimond Kaplan & Rothstein, P.A. (http://www.dkrpa.com) announced that it has filed another Glanmore-related claim against Deutsche Bank Securities, Inc. ("Deutsche Bank"), the U.S. broker-dealer of German bank Deutsche Bank AG (NYSE:DB). The FINRA arbitration claim seeks to recover approximately $1.3 million that DKR's clients lost in the Glanmore Property Fund Limited ("Glanmore").
The Glanmore fund invested in United Kingdom real estate and was managed by Tilney, which was an investment management firm owned by Deutsche Bank. Deutsche Bank recommended and sold the Glanmore fund to wealthy investors throughout Mexico, Central America, and South America. Glanmore was in severe financial distress at the time that Deutsche Bank sold the fund to certain investors.
Many Glanmore investors have lost the vast majority of the money that they invested in the fund. "We believe that Deutsche Bank misrepresented the safety of the Glanmore fund to our clients and also provided inflated and inaccurate pricing information to our clients," said DKR attorney Jeffrey B. Kaplan.
The sole purpose of this press release is to investigate, on behalf of Dimond Kaplan & Rothstein, P.A.'s clients, Deutsche Bank's conduct relating to the Glanmore fund. If you bought the Glanmore fund through Deutsche Bank and have information relating to the manner in which Deutsche Bank represented the Glanmore fund, we encourage you to contact Dimond Kaplan & Rothstein, P.A. attorney Jeffrey B. Kaplan (JKaplan@dkrpa.com) or Brian Levin (BLevin@dkrpa.com). For Spanish-language or Portuguese-language inquiries, please contact DKR attorney Lorenz Pruss (LPruss@dkrpa.com).
From its offices in Miami, Palm Beach, New York, and Los Angeles, Dimond Kaplan & Rothstein, P.A. represents investors throughout the United States, Mexico, Central America, South America, and Europe in stockbroker misconduct and investment fraud cases.