Latest news with #KlaymanToskes
Associated Press
09-04-2025
- Business
- Associated Press
IMPORTANT NOTICE TO NVIDIA SHAREHOLDERS WHO WERE FORCED TO SELL STOCK DUE TO MARGIN CALLS
KlaymanToskes Investigates Forced Sales of NVDA Shares Due to Margin Calls Triggered by Market Volatility and Advisor Misconduct Nvidia Corporation (NASDAQ:NVDA) NEW YORK, NY, UNITED STATES, April 9, 2025 / / -- National investment loss and securities law firm KlaymanToskes announces an investigation into full-service brokerage firms and financial advisors on behalf of Nvidia Corporation (NASDAQ: NVDA) investors who suffered losses due to forced sales of NVDA shares as a result of margin calls. Nvidia investors who experienced significant financial losses as a result of forced sales of securities due to margin calls, or who believe their advisor may have engaged in unsuitable use of margin or negligence, should contact KlaymanToskes at (888) 997-9956 or at [email protected] for a free and confidential consultation to discuss potential recovery options. KlaymanToskes is investigating whether full-service brokerage firms and their financial advisors failed to provide full and fair disclosure about the risks associated with margin trading, recommended excessive use of margin in accounts heavily concentrated in Nvidia stock, and neglected to implement protective strategies such as diversification or hedging. The investigation also seeks to determine whether advisors allowed margin calls to trigger without providing proper notice or taking appropriate steps to manage the associated risks. Many Nvidia shareholders and employees hold significant positions in NVDA stock, often acquired through long-term employment, incentive compensation plans, or personal investment. For those who used margin loans secured by NVDA shares, recent volatility may have triggered unexpected margin calls, resulting in forced liquidations at significantly reduced prices. In these situations, financial advisors may have failed in their obligation to appropriately manage risk and disclose the potential consequences of margin trading, especially in accounts with highly concentrated positions. Under securities industry rules, and Regulation Best Interest (Reg BI), advisors must act in the client's best interest, which includes assessing whether margin use is suitable based on the investor's goals, risk tolerance, and liquidity needs. Investors who suffered losses as a result of forced sales of Nvidia (NVDA) investments due to margin calls, or who believe their advisor may have engaged in unsuitable use of margin or negligence, are encouraged to contact KlaymanToskes at (888) 997-9956 or by email at [email protected] in furtherance of our investigation. About KlaymanToskes KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $600 million in Securities Litigation and FINRA Arbitration matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico. Contact Steven D. Toskes, Esq. KlaymanToskes, P.A.
Associated Press
31-01-2025
- Business
- Associated Press
IMPORTANT NOTICE TO CUSTOMERS OF RALPH GANCHERO AND CITIGROUP GLOBAL MARKETS WHO SUFFERED INVESTMENT LOSSES
If You Suffered Losses With Financial Advisor Ralph Ganchero at Citigroup Global Markets Please Contact the Law Firm of KlaymanToskes NEW YORK, NY, UNITED STATES, January 31, 2025 / / -- National investment loss and securities attorneys KlaymanToskes issues an important notice to customers of financial advisor Ralph Ganchero and Citigroup Global Markets after their mismanagement of a customer's retirement accounts caused the investor to suffer approximately $375,000 in damages. The law firm urges all customers of Ralph Ganchero and Citigroup Global Markets who suffered investment losses to contact the firm immediately at 888-997-9956. KlaymanToskes reports the law firm has filed a FINRA arbitration claim (Case no. 24-02693) against Citigroup Global Markets on the behalf of an investor who is seeking to recover damages of approximately $375,000 in connection with her financial advisor, Ralph Ganchero (CRD# 2601660), failing to follow her investment objectives and improperly managing her retirement accounts. According to the claim filed by KlaymanToskes, Ralph Ganchero misallocated the investor's IRA and Roth IRA by placing funds in bond ETFs, including iShare Bond ETFs and Vanguard bond funds, and U.S. Treasury Bills, directly contradicting the client's instructions to invest in Growth investments with Moderate Risk. Despite the investor's repeated requests over nearly two years for Ganchero and Citigroup to adjust the portfolio to align with her Growth investment objective, they allegedly failed to take action, resulting in substantial underperformance compared to growth model benchmarks like the S&P 500. KlaymanToskes' investigation found that if the client's main IRA was invested in a growth benchmark, the account would have appreciated by nearly $350,000. Additionally, the client's Roth IRA would have appreciated by approximately $25,000. The Quarterly Report for December 2023 shows that the IRA had an overall return since November of 2022 of 4.41% while the S&P 500 had a return of 18.58%. For the year 2023, the S&P 500 had a return of 26.29% while the customer's IRA had a return of 5.75%. In total, the S&P 500 would have produced a gain of over $375,000 for the customer. Current and former customers of Ralph Ganchero and/or any other financial advisor who suffered damages at Citigroup Global Markets are encouraged to contact attorney Steven D. Toskes, Esq. at (888) 997-9956 or by email at [email protected] in furtherance of our investigation. About KlaymanToskes KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation 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. Contact Steven D. Toskes, Esq. KlaymanToskes, P.A. Legal Disclaimer:
