WEST PALM BEACH, Fla., Sept. 10, 2009 (GLOBE NEWSWIRE) -- The securities law firm of Dimond Kaplan & Rothstein, P.A. (www.dkrpa.com or www.investmentfraud-lawyer.com) announced today that it is investigating claims relating to investment losses suffered due to Bank of America's recommendations that home owners refinance their home mortgages and use the proceeds to invest in stocks, bonds, futures, commodities, or hedge funds. Dimond Kaplan & Rothstein, P.A. ("DKR") believes that Bank of America's recommendations may have been unsuitable for many home owners.
Dimond Kaplan & Rothstein, P.A. is further investigating claims relating to investment losses suffered after Bank of America recommended refinancing home mortgages and using the home-equity-line proceeds to invest with Agape World, Inc. and Nicholas Cosmo. Mr. Cosmo was arrested earlier this year after authorities alleged that he spearheaded a $400 million Ponzi scheme through Agape World, Inc. DKR believes that Bank of America may be liable for certain investors' investment losses.
Dimond Kaplan & Rothstein, P.A. is an AV-Rated law firm that represents investors nationwide in stockbroker misconduct and investment fraud cases, and has been recognized as a "Top Law Firm" by the South Florida Legal Guide in 2006, 2007, 2008, and 2009. The firm has represented investors against most major Wall Street brokerage firms in claims involving stocks, bonds, options, hedge funds, mutual funds, collateralized mortgage obligations (CMOs), and Ponzi schemes. DKR's attorneys have represented hundreds of investors and recovered tens of millions of dollars for clients throughout the United States, South America, and Europe.
The Dimond Kaplan & Rothstein, P.A. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4684
If you have suffered losses after Bank of America recommended that you refinance your home and invest the loan proceeds in securities, you may contact an attorney at Dimond Kaplan & Rothstein, P.A. for a free case evaluation, please contact Jared A. Levy, Esq. of Dimond Kaplan & Rothstein, P.A. at (561) 671-1920 or jlevy@dkrpa.com for a free case evaluation. You also may visit Dimond Kaplan & Rothstein, P.A. on the web at www.dkrpa.com or www.investmentfraud-lawyer.com.