ATLANTA, Feb. 16, 2009 (GLOBE NEWSWIRE) -- The Law Firm of James A. Dunlap Jr. & Associates LLC (http://www.jamesdunlaplaw.com) announced that it is investigating potential investor claims against Stanford Financial Group Co. related to its Certificate of Deposit program. On February 14, 2009, the Wall Street Journal reported that the Stanford Financial Group Co has advised clients that they cannot redeem their Certificates of Deposit for two months. The newspaper also reported that a federal investigation into Stanford Financial Group Co.'s operations is intensifying, with the FBI looking into the financial group in the U.S. and regulators in Antigua scheduled to visit its bank there. The Securities and Exchange Commission, the Financial Industry Regulatory Authority and Florida regulators entered the financial group's branches in January and collected records, according to a person familiar with the investigation. Another person familiar with the investigation said the SEC has been looking at the certificate-of-deposit business since at least 2007.
James A. Dunlap Jr. & Associates LLC is investigating potential investor civil claims against Stanford Financial Group Co. for violations of federal securities laws, Texas law, and other state and federal laws, related to these Certificates of Deposit programs.
If you or someone you know owns a Certificate of Deposit from Stanford Financial Group Co., please contact James A. Dunlap Jr. & Associates LLC, or via e-mail at jim@jamesdunlaplaw.com, to discuss your legal options.
Additional information about potential claims against Stanford Financial Group Co. is available at http://www.jamesdunlaplaw.com/cms.php?id=53. You may visit the firm's web site at http://www.jamesdunlaplaw.com.
James A. Dunlap Jr. & Associates LLC focuses on investor and consumer cases brought individually and as class actions. We represent investors both in arbitration and court proceedings in the following areas:
* Sub-Prime Mortgage & Collateralized Debt Obligation Problems * Unsuitability * Breach of Fiduciary Duty * Misrepresentation & Omission * Over-Concentration * Failure to Follow Directions * Selling Away * Mutual Fund Revenue Sharing * Mutual Fund Fraud * Unauthorized Trading * Churning * Margin Issues