Legal Question in Securities Law in New Jersey
investor's rights
I am a preferred shareholder of fannie mae & Lehman, purchased under the advise of my financial advisor. This was my retirement money as well as my daugher's college money. I feel like I have no where to turn. Noone seems to know anything. I am searching for answers. Beside from being swindled, I believe fraud was comimtted. Please help!
2 Answers from Attorneys
Re: investor's rights
You should keep your eyes out for the class action that will inevitably be filed as part of the Lehman bankruptcy. Moreover, you may have an action against you financial advisor. Do you know if he is a FINRA licensed broker?
ALSO, you may wish to explore some of the funds that purchase now-defaulted Lehman securities. I have worked with one in the past and found them to be very good. Please feel free to contact me for more information: [email protected]
Thanks -
Re: investor's rights
I am sure there is a class action suit that will be filed at some point. If you join the class, you might get a $25 gift card to Home Depot or something like that if the suit is successful. This is the risk you take when you invest. Although this is not my area of the law, I doubt you have a case to do anything.
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