FORT LAUDERDALE, FL (February 19, 2010) - David R. Chase, P.A., www.davidchaselaw.com, a law firm representing investors nationwide 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 a retired couple and a trust created for the benefit of a retired individual against Workman Securities Corporation (Workman Securities) seeking the recovery of their investment losses in Medical Capital Notes.
The arbitration claim alleges that Workman Securities fundamentally misrepresented the true nature and risks of the Medical Capital investment by touting it to be safe, without market risk and suitable when, in truth, it was not. The arbitration claim further alleges that Workman Securities failed to perform adequate due diligence on the Medical Capital investment. The investors lost virtually all of their principal investment.
The arbitration claim seeks the recovery of investment losses, pre-judgment interest, punitive damages and other appropriate relief.
The Firm currently represents investors from New York, Illinois and Florida in FINRA arbitration cases against broker-dealers that sold Medical Capital Notes.
The Law Office of David R. Chase, P.A., based in Fort Lauderdale, Florida, represents investors nationwide in cases against the major Wall Street Firms. The Firm's principal, David R. Chase, has been practicing for over 17 years, is AV-Rated by Martindale-Hubbell -- its highest competence and ethics rating, and previously served as a securities prosecutor for the Federal Government. More about the firm is available on its website at: www.davidchaselaw.com.
