NOTICE TO NEW YORK MORTGAGE TRUST, INC. (NYMT) INVESTORS – KlaymanToskes commences investigation for NYMT Investors with Lo...
April 07 2020 - 10:47AM
Business Wire
KlaymanToskes ("KT"), http://www.klaymantoskes.com, announces an
investigation on behalf of investors who sustained losses in excess
of $100,000 from the recommended purchase of New York Mortgage
Trust, Inc. (NASDAQ:NYMT) (“NYMT”) a Real Estate Investment Trust
(“REIT”). NYMT closed at 6.27 on February 21, 2020, prior to the
significant market event that was precipitated by COVID-19. Today,
NYMT trades at around 1.37, or nearly 80% lower than its market
value on February 21, 2020. This investment 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 by their
full-service brokerage firm or their financial advisor.
NYMT recently announced that it did not expect to be able to
fund future margin calls. Investors may seek damages in FINRA
arbitration if a financial advisor made a recommendation to
purchase the security without fully explaining the risks, including
leverage and concentration risks, or if the investment was
unsuitable for the investor’s risk profile. However, if you made
self-directed trades in your investment account with E-Trade, TD
Ameritrade, Charles Schwab, Fidelity, or Interactive Brokers, or
another self-trading platform, this investigation does not apply to
you.
The sole purpose of this release is to investigate the
negligence and financial misconduct of brokerage firms and
financial advisors in connection with the sale of NYMT 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-new-york-mortgage-trust-inc-nymt-investors/
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version on businesswire.com: https://www.businesswire.com/news/home/20200407005616/en/
KlaymanToskes Lawrence L. Klayman, Esq. (561) 542-5131
lklayman@klaymantoskes.com www.klaymantoskes.com
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