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 Pittsburgh 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 Pittsburgh Star.
More Information]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
Philadelphia Mayor Cherelle Parker's Housing Opportunities Made Easy initiative, which was included in the city budget passed June...
Washington DC [US], June 29 (ANI): Fans of iconic singer-songwriter Paul Simon were left disappointed after the artist cancelled his...
WASHINGTON, 7th June, 2025 (WAM) -- The United States recorded 122 new measles cases this week, with only four reported in Texas. Health...
WASHINGTON, 27th May, 2025 (WAM) -- Two people were killed and nine others, including three teenagers, injured in a shooting at Philadelphia's...
(Washington, DC) - The budget reconciliation bill passed by the United States Senate today would extend tax cuts that disproportionately...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, 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...