NEW YORK, Oct. 27, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of Meta Financial Group, Inc. ("Meta Financial" or the "Company") (NASDAQ: CASH) concerning possible violations of federal securities laws.
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The investigation stems from an investigation conducted by the Office of Thrift Supervision ("OTS") which determined that Meta Financial had engaged in "unfair or deceptive acts or practices in violation of Section 5 of the Federal Trade Commission Act and the OTS Advertising Regulation in connection with the Bank's operation of the iAdvance program." The investigation also concerns statements by the Company indicating that the anticipated discontinuance of the iAdvance program and the potential discontinuance of tax-related programs would "eliminate a substantial portion of [the Company's] gross profit."
If you own Meta Financial stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/meta-financial-cash.html.Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq.30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP