The Securities Arbitration Law Firm of Klayman & Toskes Files $400,000 Claim Against John Thomas Fin
The Securities Arbitration Law Firm of Klayman & Toskes Files $400,000 Claim Against John Thomas Financial As It Continues To Investigate Claims Relating to the Sale of Liberty Silver Corp. by John Thomas Financial
NEW YORK--(BUSINESS WIRE)-- The Securities Arbitration Law Firm of Klayman & Toskes ("K&T"), www.nasd-law.com, announced today that it filed a securities arbitration claim against John Thomas Financial ("JTF") to recover losses sustained in Liberty Silver Corp (OTC: LBSV). The suit was filed with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution, and seeks damages of $400,000.
According to the Claim, JTF engaged in "pumping and dumping" a stock, Liberty Silver Corp, on to the Claimant. The Claimant alleges that JTF misrepresented Liberty Silver and took advantage of the Claimant. The Claimant is an immigrant who came to America, and through hard work started and created his own successful company. JTF through its financial advisor solicited the Claimant to invest in the firm's proprietary stock thereby dumping its own inventory. The Claimant trusted JTF and within 16 days of purchasing the stock, the SEC halted its trading. With this news, the Claimant contacted his JTF broker who kept insisting that Liberty Silver was a good company. When trading was resumed in Liberty Silver, the stock opened at $0.15, down substantially from its prior closing price of $1.55. By that time, there was very little volume of trading in the stock which meant that Claimant would be unable to liquidate his shares.
The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered substantial investment losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or have information relating to this investigation, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956 or visit us on the web at www.nasd-law.com.
Klayman & Toskes, P.A.
Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire, 888-997-9956
KEYWORDS: United States North America Florida New York
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