NOTICE TO AMERIPRISE FINANCIAL CUSTOMERS WITH MARGIN ACCOUNTS: KlaymanToskes Commences Investigation into Damages Sustained by Investors Who were Forced to Sell Securities Due to Margin Calls
KlaymanToskes ("KT (News - Alert)"), www.klaymantoskes.com, announced today that it is investigating damages sustained by investors with Ameriprise Financial, Inc. (NYSE:AMP) ("Ameriprise") accounts who were forced to sell securities due to margin calls. The investigation focuses on Ameriprise's potential negligence and mismanagement of leveraged accounts. Recently, investors quickly saw the major stock indices lose significant value after closing on Friday, February 21, 2020, at near 52-week highs. The market volatility has been precipitated by COVID-19. Many investment portfolios, like the stock indices, have also seen tremendous declines, leaving leveraged accounts especially at risk of margin calls. >
The sole purpose of this release is to investigate whether strategies deployed by Ameriprise were suitable for investors whose investment accounts were leveraged by a margin loan and received calls forcing the sale of securities. Investors who held leveraged accounts at Ameriprise and have information relating to the manner in which the firm handled their portfolios, are encouraged to contact the attorneys of KlaymanToskes at (561) 542-5131, or visit our firm's website at www.klaymantoskes.com.
KT 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 represents high net-worth, ultra-high net-worth, and institutional investors, such as non-profit organizations, unions, public pension funds, and multi-employer pension funds. KT has office locations in California, Florida, New York, and Puerto Rico.