ATTENTION CHESAPEAKE ENERGY INVESTORS – KlaymanToskes Continues Investigation on Behalf of Chesapeake Energy Investors Who ...
June 19 2020 - 9:25AM
Business Wire
KlaymanToskes ("KT"), http://www.klaymantoskes.com, continues
their investigation on behalf of investors who sustained losses in
excess of $250,000 in Chesapeake Energy (NYSE:CHK) (“Chesapeake”)
as a result of recommendations from their financial advisor
including unsuitable asset allocations in the Energy sector. This
investment may have been marketed and sold to customers 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.
Oil & Gas investments are historically risky during times of
volatility and/or reduced demand. These risks should be explained
by financial advisors prior to recommending these investments.
Chesapeake is currently trading around 13.20 per share after
undergoing a 1:200 reverse split approximately two months ago. It
has been reported that bankruptcy is imminent for Chesapeake, who
is currently holding a $9 billion debt. Investors may seek damages
for violations of sales practice rules and regulations, as set
forth by the Financial Industry Regulatory Authority (FINRA) in
arbitration.
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 that was not being
managed by a registered investment advisor, this investigation does
not apply to you.
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 Chesapeake to their
customers including unsuitable asset allocations in the Energy
sector. Chesapeake investors who held accounts at full-service
brokerage firms, and have information relating to the manner in
which the firm handled their accounts are encouraged to contact
Lawrence L. Klayman, Esq., at (561) 542-5131, and download our
Special Investor Report.
About Klayman Toskes
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/attention-chesapeake-energy-investors
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version on businesswire.com: https://www.businesswire.com/news/home/20200619005255/en/
KlaymanToskes Lawrence L. Klayman, Esq. (561) 542-5131
lklayman@klaymantoskes.com www.klaymantoskes.com
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