Securities Lawyer Blog | Victim of Fraud?

TAG | fannie mae preffereds

Dec/12

19

Did You Purchase Fannie Mae/Freddie Mac Preferred Stock through Rep Michele Kief?

Comments off · Posted by Securities Lawyer in FINRA

Securities Attorney, Lars Soreide, of Soreide Law Group is investigating claims on behalf of clients of Michele Kief and Wells Fargo, formerly Wachovia, who may have purchased shares of Fannie Mae and Freddie Mac preferred stock. Michele Kief is employed at Wells Fargo, Naples, Florida. According to FINRA, she has had eight customer complaints, several involving the sale of Fannie Mae or Freddie Mac preferred stock.

Securities Lawyer, Lars K. Soreide, of Soreide Law Group, represents clients nationwide before FINRA. If you or a loved one have sustained investment losses due to Michele Kief and the sale of Fannie Mae or Freddie Mac preferred stock, call for a free consultation on how to potentially recover your losses. To speak with an attorney call 888-760-6552, or visit our website at: http://www.securitieslawyer.com.

· · · · · · · · · · · · · · · · · · · ·

Mar/12

5

Lars K. Soreide Wins Award for Defrauded Elderly Fannie Mae Investor Against Wells Fargo Advisors (f/k/a Wachovia Securities)

Comments off · Posted by Securities Lawyer in FINRA

Lars K. Soreide of the Soreide Law Group,  recently won an award of $61,040.00, plus statutory interest from July 11, 2008, amounting to approximately $15,000 in interest payments, and, additionally being reimbursed for all forum fees and costs.
 
This award stems from the sale of Fannie Mae and Freddie Mac preferred securities by former Wells Fargo broker, Patrick Zych, to an elderly investor. Wells Fargo Advisors were represented by Greenberg Traurig. This award, won by Lars K. Soreide, of the Soreide Law Group, is significant because the several published awards concerning Fannie Mae and Freddie Mac preferred securities resulted in zero awards for the investors.
 
This case involved Fannie Mae Series S and Freddie Mac series Z preferred shares. Most investors purchased the preferred securities at $25 per share and quickly watched the stock drop to below $1 in less than 6 months.
 
New evidence concerning Wells Fargo’s early warnings of extreme volatility that largely went ignored by brokers has breathed new life into Fannie and Freddie preferred cases. There is a 6 years statute of limitations for claims brought through the Financial Industry Regulatory Authority (“FINRA”) so Fannie and Freddie preferred share investors still have time to file a claim. The statute of limitations will begin to run out for most investors in 2013.
 
If you purchased Fannie Mae or Freddie Mac preferred shares call Lars K. Soreide of the Soreide Law Group at (888) 760-6552 or visit http://www.securitieslawyer.com. Representing defrauded Fannie and Freddie Investors Nationwide.

· · · · · · · · · · · · · · · · · · · · · · · · · · · · · · ·

Jul/11

30

Did you Purchase Fannie Mae/Freddie Mac Preferred Stock?

Comments off · Posted by Securities Lawyer in FINRA

Soreide Law Group, PLLC, is filing claims on behalf of Morgan Stanley Smith Barney clients that were sold Fannie Mae and Freddie Mac preferred stocks in 2007 and 2008.  Despite internal limitations to recommend no more than 10% of an investor’s portfolio in preferred stocks, Morgan Stanley Smith Barney investors were sold Fannie Mae and Freddie Mac preferred stocks in concentration.
 
The risks of subprime market exposure for Fannie Mae and Freddie Mac were largely known in the securities industry and by Morgan Stanley Smith Barney beginning in early 2007. Rather than advising its financial advisors and its clients to avoid these companies, Morgan Stanley Smith Barney profited handsomely from underwriting and investment banking fees  from these issuances, and by selling Fannie Mae and Freddie Mac preferreds to its clients in 2007 and 2008.
 
If you sustained significant losses in any of the following Fannie Mae issues you may have a claim:
 
9/28/07            Series P $1,000,000,000
10/7/07            Series Q $375,000,000
11/21/07            Series R $530,000,000
12/11/07            Series S $7,000,000,000
5/19/08            Series T $2,225,000,000
 
In addition, if you sustained significant losses in the following Freddie Mac non-cumulative preferred stock issue, you may also have a claim:
 
12/4/07            8.375% Preferred $6,000,000,000.
 
Securities Lawyer, Lars Soreide, of Soreide Law, PLLC, has represented clients nationwide before FINRA, the Financial Industry Regulatory Authority. If you or a family member purchased Fannie Mae or Freddie Mac preferred stock from Morgan Stanley Smith Barney, call a Securities Arbitration Lawyer for a free consultation on how to potentially recover your losses.  To speak with an attorney, call 888-760-6552, or visit www.securitieslawyer.com.

 

· · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · ·

Find it!

Theme Design by devolux.nh2.me
To top