Skip to Content

Zamansky LLC Announces The Filing Of A FINRA Arbitration For A Group Of Canadian Investors Who Were Victims Of Alleged Fraud

July 22, 2013 Blog

Zamansky LLC has filed a FINRA arbitration on behalf of a group of 30 or more Canadian investors who were the victims of an alleged fraud. The case is FINRA No. 13-582.

Zamansky LLC has filed a FINRA arbitration on behalf of a group of 30 or more Canadian investors who were the victims of an alleged fraud. The case is FINRA No. 13-582. The Statement of Claim in the FINRA arbitration alleges that Canadian investors were sold fraudulent promissory notes through misrepresentation by the note issuers, and that the promissory notes were issued as part of a “Ponzi-like” scheme. The Statement of Claim in the FINRA arbitration further alleges that the notes were sold in violation of FINRA Rules against “Selling Away,” which prevent unauthorized sales by financial advisors of private investments.

According to investment fraud attorney Jake Zamansky, “Canadian investors have been hurt many times over the years from fraudulent schemes. The Bre-X Minerals fraud in which approximately $6 billion in market cap was lost when its gold deposits were revealed to be fallse was the largest.”

Any investor who purchased a Canadian stock, or stock on the Toronto or Vancouver Stock Exchanges, who believes that he or she may be the victim of a fraudulent scheme should seek review from a professional.

What Investors Can Do
If you believe that you have been the victim of a fraud involving a Canadian stock, or wish review of your purchase, and would like to discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.

About Zamansky LLC
Zamansky LLC is a leading stock law firm specializing in securities class actions, securities arbitration, and litigation over stock broker fraud. We are securities fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.

To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.

Contact
Zamansky LLC
50 Broadway – 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414
jake@zamansky.com