CORAL SPRINGS, Fla., April 13, 2007 (PRIME NEWSWIRE) -- The Commodities Law Firm, Blum & Silver, LLP, (http://www.stockattorneys.com) announced today that it has won a significant arbitration award before the National Futures Association ("NFA") on Case No. 05-ARB-126. A commodities arbitration panel awarded approximately $67,000 to a former customer of Executive Commodity Corporation for improperly investing Claimant's money. The NFA arbitration panel found the commodities trading firm, its clearing firm, National Commodities Corporation, Inc., and its brokers all liable for fraudulent concealment, breach of contract and breach of fiduciary duty, breach of implied covenant of fair dealing and fraudulent inducement.
The sole purpose of this release is to investigate, on behalf of our clients, potential sales practice violations of licensed brokers at various commodities brokerage firms, including Executive Commodity Corporation. Blum & Silver, LLP is pursuing arbitration suits before the NFA for commodities violations including failure to supervise, negligence, unsuitability claims, misrepresentation and material omissions of fact and trading activities of low-priced commodities. Blum & Silver, LLP would greatly appreciate any information from other investors concerning the method or process used by various commodities brokerage firms with regard to clients' trading activity and the handling of their accounts.
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 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.
The Blum & Silver logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2635