ACCESS Newswire
24 Jan 2023, 02:35 GMT+10
NEW YORK, NY / ACCESSWIRE / January 23, 2023 / National investment fraud lawyers KlaymanToskes ('KT') launches an investigation into full-service brokerage firms and financial advisors that recommended concentrated or margined positions in American Virtual Cloud Technologies (NASDAQ:AVCT) resulting in losses of over $100,000. Considering AVCT's recent Chapter 11 bankruptcy filing, investors that purchased AVCT at the advice of a financial advisor should contact our firm immediately at 888-997-9956 to discuss recovery options.
AVC Technologies entered the market as a 'Blank Check' company or Special Purchase Acquisition Company (SPAC) formerly known as Pensare Acquisition Corp. On February 27, 2020, the stock price reached an all-time high of $168.75. Friday, AVCT closed at $0.62 which represents a 99% decline from its high. This left shareholders who had large, concentrated positions of AVCT, or those who used their shares as collateral for margin loans, to suffer substantial losses.
Many full-service brokerage firms offer strategies to manage risks associated with concentrated stock positions, such as the following:
According to securities attorney Lawrence L. Klayman, Esq., 'Brokerage firms and their advisors have a duty to recommend risk management strategies to customers with concentrated stock positions. Employing risk management strategies can be the difference between having a conservative portfolio and millions of dollars in investment losses. Firms that fail to educate their clients on the risks of concentrated portfolios can be held liable in a FINRA arbitration claim.'
KlaymanToskes encourages investors with concentrated and/or margined positions at full-service brokerage firms to contact securities attorney Lawrence L. Klayman, Esq. at 1-888-997-9956 or [email protected].
About KlaymanToskes
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
Destination: https://klaymantoskes.com/contact/
Contact
KlaymanToskes
Lawrence L. Klayman, Esq.
1-888-997-9956
[email protected]
www.klaymantoskes.com
SOURCE: KlaymanToskes, P.A.
Get a daily dose of Dallas Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dallas Sun.
More InformationEVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...