Notice to All UBS Securities LLC, f/k/a UBS Warburg LLC, Clients from the Securities Arbitration Law Firm of Klayman & Toskes, P
18 March 2005 - 12:01AM
PR Newswire (US)
Notice to All UBS Securities LLC, f/k/a UBS Warburg LLC, Clients
from the Securities Arbitration Law Firm of Klayman & Toskes,
P.A. NEW YORK, March 17 /PRNewswire/ -- The Law Firm of Klayman
& Toskes, P.A. ("K&T") ( http://www.nasd-law.com/ ),
continues to pursue individual securities arbitration claims before
the National Association of Securities Dealers ("NASD") and the New
York Stock Exchange ("NYSE") on behalf of high net worth investors
who prefer not to participate in, and investors who are ineligible
to recover from the $433 million research analyst distribution fund
created by the Securities and Exchange Commission ("SEC"). The
distribution fund follows the decision against several brokerage
firms including UBS Securities by the SEC (SEC v. UBS Securities
LLC, f/k/a UBS Warburg LLC, No. 03 Civ. 2943 WHP) for violation of
the Securities and Exchange Act of 1934 ("Exchange Act") and for
violation of NASD rules 2110, and 2210 and NYSE rules 401, 472 and
476 (a)(6). Although the market capitalization lost in excess of
$500 million, the distribution fund has only allocated $25 million
for the following stocks purchased through UBS Securities LLC,
f/k/a UBS Warburg LLC. 1. Interspeed, Inc. (OTC Pink Sheets: ISPD)
Jan. 3, 00 - Jul. 21, 00 2. Triangle Pharmaceuticals Inc. Oct. 8,
99 - Jul. 21, 00 3. Atmel Corp. Feb. 9, 00 - May. 9, 00 4.
Flextronics International, Ltd. (NASDAQ:FLEX) May 2, 01 - Jun. 1,
01 K&T currently represents numerous high net worth investors
who have filed individual securities arbitration claims. Investors
suffering large losses achieve an overall higher recovery rate
through arbitration than any other means. Empirical evidence shows
that when an investor suffers losses in larger amounts, usually in
excess of $100,000, an individual dispute resolution process such
as an arbitration claim filed before the NYSE or the NASD may be
the best means of recovering losses suffered. K&T has offices
in California, Florida, Nebraska, and New York and represents
investors throughout the nation. The sole purpose of this release
is to investigate, on behalf of our clients, sales practice
violations of licensed brokers at major investment firms. If you
wish to discuss this announcement or have information relevant to
our securities arbitration claims, please contact Lawrence L.
Klayman at 1-888-997-9956 or visit us on the web at
http://www.nasd-law.com/ . DATASOURCE: Klayman & Toskes, P.A.
CONTACT: Lawrence L. Klayman of Klayman & Toskes, P.A.,
+1-888-997-9956 Web site: http://www.nasd-law.com/
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