David R. Chase, P.A., a law firm representing investors worldwide and headed by former Securities and Exchange Commission Prosecutor and Special Assistant United States Attorney, David R. Chase, announces that it is has filed a FINRA arbitration claim on behalf of an elderly investor against Deutsche Bank Securities Inc. (Deutsche Bank) seeking the recovery of his investment losses in the Aravali Fund, LP (Aravali Fund).
The arbitration claim alleges that Deutsche Bank misrepresented the investment in the Aravali Fund to be a low-risk, extremely conservative, high-quality municipal bond fund that was the "safest investment Deutsche Bank had on its recommended list." The arbitration claim further alleges that Deutsche Bank failed to disclose to the investor that the Aravali Fund was, in truth, an extremely speculative, complicated, high-risk leveraged bond fund that would subject his principal investment to the substantial risk of loss. The investor lost virtually all of his principal investment in the Aravali Fund.
The arbitration claim seeks an expedited hearing given the investor's advanced age, as well as the recovery of his investment losses, pre-judgment interest, attorney's fees, punitive damages and other relief. The financial advisor is not named as a party in the case.
The Firm continues investigating investor claims for losses resulting from Deutsche Bank's sale of the Aravali Fund.
The Law Office of David R. Chase, P.A., based in Fort Lauderdale, Florida, represents investors worldwide in cases against the major Wall Street Firms. The Firm's principal, David R. Chase, has been practicing for over 16 years, is AV-Rated by Martindale-Hubbell -- its highest competence and ethics rating, and previously served as a securities prosecutor for the Federal Government.
