subject: Lost Money Investing? [print this page] The Firm is currently investigating the investment practices of the following PIMCO Mutual Funds:
PML Municipal Income Fund II
PMX Municipal Income Fund III
PTY-Corporate Opportunity PZC-California Municipal Income Fund
PYN-NY Municipal Income Fund III
PNF-NY Municipal Income Fund
The Firm also represents investors who were improperly advised to invest in variable annuities, which are investment vehicles often unsuitable for older investors, but yield high commissions for the selling broker. Investors victimized after placing their investment dollars, as well as their trust with a broker, advisor, brokerage firm or investment bank are represented by the Firm as well. Contact Michael J. Redenburg, Esq. if you lost money investing with a firm or advisor because of:
Unauthorized trading
Unsuitability
Misrepresentations
Bad investment advice
The broker's failure to follow your instructions
Fraud
Churning (excessive trading, with the primary purpose of generating commissions)
If you have lost money in therecent stock market declineyou may have a claim against your broker or advisor.
Many investors that have suffered losses are unaware or reluctant to acceptthat theirbroker may be at fault.Some hold out for years believing that a failed investment program will recover, only tosuffer continued losses at the hands ofincompetent advisors.Don't blame yourself or the market for your losses.
Your investment advisor is responsible to recommend investments that are suitable foryou as well as to monitor those investments.A failure tomanage your investments in accordancewithyour risk tolerance, time horizon andfinancial goals are a major form of securities claims handled by the Firm.
