Did you suffer losses due to your purchase of Freddie Mac or Fannie Mae preferred stock before the government intervention in the fall of 2008? If you did, the attorneys of The White Law Group may be able to help you recover your investment losses through FINRA arbitration.
There is still time to recover these losses under FINRA rules as long as the claim is brought within 6 years of the event or occurrence giving rise to the claim.
It has been widely reported that major brokerage houses sold billions of dollars of stock issued by Fannie Mae and Freddie Mac in 2007 and 2008. It appears that during this period that some of the brokerage houses were representing these investments as low risk. However, the mortgage giants were already in rough condition and after the government took action in the fall of 2008 the preferred shares were worth a fraction of what they were at the time of most investors’ purchases.
Since that time there have been numerous cases against financial professionals and brokerage firms to recover losses due to the recommendation and purchase of Freddie Mac and Fannie Mae preferred stock.
Brokerage firms have a fiduciary duty to its clients to perform due diligence on any investment prior to offering it for sale to ensure that the investment is appropriate for a client in light of the client’s age, investment experience, and investment objectives.
If you invested in Fannie Mae or Freddie Mac preferred stock between 2006 and 2008, suffered losses of more than $50,000, and would like to speak to a securities attorney about the possibility of recovering your investment losses, please call our Chicago office at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.