The Law Firm of David R. Chase, P.A. announces that it representing several former investment advisory clients of James Tagliaferri and TAG Virgin Islands in FINRA arbitration claims against Charles Schwab & Co., Inc. ("Charles Schwab") to recover their investment losses.
The FINRA arbitration claims allege that James Tagliaferri, through his off-shore investment advisory firm, TAG Virgin Islands, used Charles Schwab's accounts to perpetuate a fraudulent scheme, which involved selling his clients' high-quality and suitable investments and purchasing in their place -- in over-concentrated levels -- several high-risk and speculative low-priced securities, including Conversion Services, Fund.com, Gerova Financial and Rineon Group, among others.
Charles Schwab failed to reasonably supervise the accounts managed by Tagliaferri and TAG Virgin Islands, and failed to reasonably and timely react to numerous red flags that should have triggered inquiry, the arbitration claims contend. Under FINRA Rules and securities laws, Charles Schwab has an obligation to reasonably supervise its clients' account activity.
The FINRA arbitration suits allege that Schwab was negligent, failed to reasonably supervise in violation of FINRA Rule 3010 and breached its fiduciary duties owed to its customers. The suit seeks the recovery of the investment losses, pre-judgment interest, the costs of the arbitration and punitive damages.
If you or a family member were clients of James Tagliaferri and TAG Virgin Islands and maintained your accounts at Charles Schwab with him, do not delay in enforcing your legal rights. You may call me directly on a confidential basis to discuss how you may be able to recover your investment losses: at: (888)-337-8625 (toll free). Cases taken on a contingency basis, meaning if there is no recovery, you owe no attorney's fees or costs to the law firm.
The Law Firm 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 19 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.stockfraudlawyer.net.
David R. Chase, Esq.
Law Firm of David R. Chase, P.A.
1700 East Las Olas Boulevard, Suite 305
Fort Lauderdale, FL 33301
888-337-8625 (Toll Free)
Email: david@davidchaselaw.com
