FORT LAUDERDALE, Fla., July 20, 2009 (GLOBE NEWSWIRE) -- The Law Firm of David R. Chase, P.A. has filed another FINRA arbitration claim against Deutsche Bank Securities Inc. on behalf of a retired, elderly Aravali Fund investor. The claim alleges that Deutsche Bank Securities Inc. materially misrepresented to the elderly investor that the Aravali Fund was conservative, low-risk and well suited for his retirement years when, in fact, it was a speculative, high-risk and complex investment that was wholly unsuitable for him. The investor lost virtually all of his investment in the Aravali Fund.
The arbitration claim seeks an expedited hearing given the investor's advanced age, as well as the recovery of his investment losses, pre-judgment interest, attorney's fees, punitive damages and other relief. The financial advisor is not named as a party in the case.
The Firm continues its investigation into the Aravali Fund and continues to speak with Aravali Fund investors from across the country concerning their investment losses and legal options.
The Law Office of David R. Chase, P.A., headed by former SEC Prosecutor, David R. Chase, represents investors throughout the nation in cases against the major Wall Street Firms. Mr. Chase has been practicing for over 16 years, is AV-Rated by Martindale-Hubbell -- its highest competence and ethics rating -- and has recovered millions of dollars on behalf of his Firm's clients. More about Mr. Chase and his law firm, based in Fort Lauderdale, Florida, is available on its website at: www.davidchaselaw.com.
If you or a family member suffered losses in the Aravali Fund and wish to discuss your legal rights, or you have information about this matter, please contact:
David R. Chase, Esq.
Law Office of David R. Chase, P.A.
1700 East Las Olas Boulevard
Penthouse 2
Fort Lauderdale, FL 33301
888-337-8625 (Toll Free)
954-920-7779
Email: david@davidchaselaw.com