NOTICE TO INVESCO MORTGAGE CAPITAL, INC. (IVR) INVESTORS – KlaymanToskes commences investigation on behalf of IVR Investors...
March 30 2020 - 5:36PM
Business Wire
KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an
investigation on behalf of investors who sustained losses from the
purchase of Invesco Mortgage Trust, Inc. (NYSE:IVR) (“IVR”) a Real
Estate Investment Trust (“REIT”). IVR closed at 18.23 on February
21, 2020, prior to the significant market event that was
precipitated by COVID-19. Today, IVR trades at 3.63, or more than
80% lower than its market value on February 21, 2020. This product
may have been marketed and sold to investors who were risk averse,
such as retirees or other conservative investors, that were seeking
income and capital preservation and were not explained the
potential risks.
IVR recently filed with the SEC a document stating that it
notified its financing counterparties that it did not expect to be
able to fund future margin calls. Under Rules established by the
Financial Industry Regulatory Authority (“FINRA”), brokerage firms
have an obligation to make only suitable recommendations and to
fully disclose all risks associated with a recommended product.
Moreover, brokerage firms have a duty to conduct a reasonable
investigation of the issuer and the securities they recommend
before approving them for sale to their customers. Investors may
seek damages in FINRA arbitration if a financial advisor made a
recommendation to purchase a security without fully explaining the
risks or that was unsuitable for the investor’s risk profile.
The sole purpose of this release is to investigate the sales
practices and financial misconduct of brokerage firms and financial
advisors in connection with the sale of IVR to their customers.
Investors who purchased this investment are encouraged to contact
Lawrence L. Klayman, Esq. of KlaymanToskes at (561) 542-5131, or
visit our website at www.klaymantoskes.com.
About KlaymanToskes
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 and multi-employer
pension funds. KT has office locations in California, Florida, New
York, and Puerto Rico.
Destination:
https://klaymantoskes.com/notice-to-invesco-mortgage-capital-inc-ivr-investors/
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version on businesswire.com: https://www.businesswire.com/news/home/20200330005745/en/
KlaymanToskes Lawrence L. Klayman, Esq. (561) 542-5131
lklayman@klaymantoskes.com www.klaymantoskes.com
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