HOUSTON, Oct. 5, 2011 (GLOBE NEWSWIRE) -- The Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, www.sseklaw.com, is investigating First Midwest Securities out of Bloomington, Illinois in light of a recent filing. Some of the claims asserted against First Midwest Securities have been unsuitable investment recommendations, excessive trading (churning), misrepresentations and omissions, unauthorized and excessive trading on margin, failure to supervise and other wrongful conduct for the specific purpose of generating excessive additional commissions and fees in their customer accounts, among other things.
Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and staff with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and State courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented over 1,000 investors over the last 20 years in negotiation, mediation, arbitration and litigation.