The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”), www.nasd-law.com, announced today that it filed a claim against Citigroup Global Markets, Inc. on behalf of a retired 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, and seeks damages of $500,000. According to the Claim, the Claimant worked over 33 years with UPS and accumulated shares of the company through UPS’ Employee Stock Purchase Plan and Managers Incentive Program. Claimant opened a Hypothecation Loan (“hypo loan”) whereby the UPS stock served as collateral. In opening an account with Citigroup, Claimant’s hypo loan was converted to an Express Credit Loan with the UPS stock as collateral. While Citigroup loaned Claimant money using his UPS stock as collateral, Citigroup failed to recommend a collar and/or protective put option as a risk management strategy to protect Claimant’s concentrated position in UPS stock. A collar and/or protective put option would have prevented a collateral call on the loan when the UPS stock substantially declined below the LTVR. Having the UPS stock collared would have increased the borrowing power in Claimant’s account allowing him to borrow 90% of the protective put option of the collar. However, Citigroup, looking to make money on the loan, facilitated the unsuitable investment strategy of borrowing against a concentrated stock position without a collar and/or protective put option in place. By failing to protect the concentrated position and/or recommend risk management strategies, Claimant received collateral calls which triggered the sale of his UPS stock. This case is about the failure of Citigroup to collar and/or protect Claimant’s UPS stock which represented a large portion of his life savings. As a direct result of Citigroup’s negligence, Claimant lost approximately $500,000. The sole purpose of this release is to investigate, on behalf of our clients, the sales practices of Citigroup in connection with the handling of concentrated, leveraged stock portfolios for UPS employees. Current and former UPS employees who held accounts with Citigroup, or other full-service brokerage firms, 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.