ACCESSWIRE
24 Jan 2023, 07:05 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 lklayman@klaymantoskes.com.
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
lklayman@klaymantoskes.com
www.klaymantoskes.com
SOURCE: KlaymanToskes, P.A.
Get a daily dose of Detroit Star 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 Detroit Star.
More InformationPhoto credit: Ercin Erturk / Anadolu AgencyThe death toll from Monday's massive 7.8 magnitude earthquake in Turkey and Syria has ...
WASHINGTON D.C.: In a sign of future political battles over record numbers of illegal crossings under Democratic President Joe Biden, ...
MOSCOW, Russia: Russian state-run TASS news agency has reported that a US woman was detained and fined by a Russian ...
ISLAMABAD, Pakistan - Former President General (retd) Pervez Musharraf died in a Dubai hospital on Sunday at the age of ...
JERUSALEM - Israel on Sunday announced plans to build a new town on the Gaza border .The town, temporarily named ...
CHICAGO, Illinois: After an ice storm ravaged states from Texas to West Virginia, this week, airlines canceled over 1,800 flights ...
DALLAS, Texas: Oil and gas pipeline operators are preparing to stockpile equipment following severe weather forecasts for the next few ...
Arkansas and Kentucky each have work to do over the final four weeks of the regular season to ensure they ...
Iowa offensive coordinator and quarterbacks coach Brian Ferentz, the son of head coach Kirk Ferentz, signed an amended contract for ...
Michigan State came up empty against the top two teams in the Big Ten last week. The Spartans open this ...
The Detroit Red Wings want to play meaningful games the rest of the way. They'll have to put together a ...
The NBA announced Monday that the Washington Wizards-Detroit Pistons makeup date will be March 7, a move that also necessitated ...