BOCA RATON, Fla., June 19, 2009 (GLOBE NEWSWIRE) -- The securities law firms Blum & Silver, LLP (www.stockattorneys.com) and Sallah & Cox, LLC (http://www.sallahcox.com) announce that they have been retained by, and have filed several arbitrations on behalf of, investors who suffered losses at UBS as a result of over-concentration in financial services companies. The securities at issue include, but are not limited to, common stock, structured notes, and preferred shares issued by Lehman Brothers, Citigroup, Washington Mutual, and several others.
Securities issued by banks, brokerage firms, and other financial services companies were typically recommended as safe investments. However, when brokerage firms concentrate any portfolio on a single sector, clients may suffer extraordinary losses as a result. Blum & Silver, LLP and Sallah & Cox, LLC have filed nearly a dozen arbitrations with Financial Industry Regulatory Authority ("FINRA") on behalf of aggrieved investors, including claims of misrepresentation, omissions of material facts, unsuitability, and negligence.
We believe investors will achieve better results on their claims through individual arbitration claims rather than through the class action process.
For additional information or to further discuss these matters, investors should contact either:
Scott L. Silver, Esq. James D. Sallah, Esq. Blum & Silver, LLP Sallah & Cox, LLC 1-877-STOCK LAW (1-877-786-2552) 1-888-SEC-ATTY (1-888-732-2889) www.stockattorneys.com http://www.sallahcox.com/
Blum & Silver, LLP is a nationally recognized securities law firm headquartered in South Florida, with a satellite office in New York, representing investors worldwide with their claims for losses due to stockbroker misconduct and brokerage firm negligence in securities litigation and arbitration matters. The firm has successfully recovered multimillion dollar awards for its clients against the country's top brokerage houses.
Sallah & Cox, LLC is located in Boca Raton, Florida. The firm consists of former SEC Enforcement attorneys who represent clients throughout the United States and Latin America in stockbroker misconduct and investment fraud cases. This firm has represented investors against most major Wall Street brokerage firms in claims involving stocks, options, hedge funds, mutual funds, and bonds.
Blum & Silver's and Sallah & Cox, LLC's attorneys speak English and Spanish, and they are licensed to practice law in Florida, Colorado, New York and New Jersey.