This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Securities Arbitration Law Firm Of Klayman & Toskes Files $3,000,000 Claim Against Morgan Stanley Smith Barney On Behalf Of A UPS Employee As It Continues To Investigate Claims On Behalf Of Current And Former UPS Employees

The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”), www.nasd-law.com, announced today that it filed a $3,000,000 claim against Morgan Stanley Smith Barney (“MSSB”) on behalf of a UPS (NYSE:UPS) employee for losses sustained as a result of maintaining a concentrated, leveraged position in UPS stock. The suit was filed with FINRA’s arbitration department.

According to the Claim, the Claimant worked over 35 years with UPS and accumulated shares of the company through UPS’ Managers Incentive Program. In addition to acquiring company stock, the Claimant opened a Hypothecation Loan whereby the UPS stock served as collateral. Claimant’s UPS stock was held at MSSB which offered him the line of credit. While MSSB loaned the Claimant money whereby Claimant’s UPS stock served as collateral against the loan, MSSB failed to recommend a collar as a risk management strategy for the concentrated position in UPS stock. MSSB and its financial advisors facilitated the unsuitable investment strategy of borrowing against a concentrated stock position without a collar in place. By failing to protect the concentrated position and/or recommend risk management strategies, the Claimant received margin calls which triggered the sale of shares of UPS stock. This case is about the unsuitable investment strategy and failure of MSSB to recommend a collar as a risk management strategy to protect the Claimant’s life savings.

The sole purpose of this release is to investigate, on behalf of our clients, the sales practices of MSSB in connection with the handling of concentrated, leveraged stock portfolios for UPS employees. Current and former UPS employees who held accounts with MSSB and have information relating to the manner in which the firm handled their concentrated, leveraged portfolios, are encouraged to contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at www.nasd-law.com.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs