Investor Alert – Asterias Biotherapeutics
Are you concerned about your investment in Asterias Biotherapeutics? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
Asterias Biotherapeutics, Inc. (NYSE MKT:AST) is a biotechnology company dedicated to developing cell-based therapeutics to treat neurological conditions associated with demyelination and cellular immunotherapies to treat cancer, according to reports.
The company, based in Fremont, CA, reported a loss of $2.3 million in its first quarter, on May 9. Asterias said it had a loss of 4 cents per share. Losses, adjusted for non-recurring gains, were 9 cents per share.
According to Yahoo Finance, in the final minutes of trading on May 9, the company’s shares hit $1.30. A year ago, they were trading at $3.15.
Free Consultation with a Securities Attorney
The White Law Group is investigating the liability that FINRA registered brokerage firms may have for improperly recommending Asterias Biotherapeutics to investors.
Broker dealers are required to perform adequate due diligence on any investment they recommend and to ensure that all recommendations are suitable for the investor. Firms that fail to do so, may be held responsible for any losses in a FINRA arbitration claim.
FINRA can help resolve problems and disputes through two non-judicial proceedings: arbitration and mediation. FINRA’s Dispute Resolution forum handles nearly all of the securities-related arbitrations and mediations in the United States.
If you have concerns regarding your investment in Asterias Biotherapeutics and would like to speak with a securities attorney about your options, please call The White Law Group at 888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.