SCGLY Societe Generale (PK)

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.nasd-law.com, announced today that it is investigating claims on behalf of Societe Generale (OTC: SCGLY.PK) shareholders who sustained investment losses due to an over-concentration of shares in Societe Generale. Trading at $14.18 per share earlier this year, Societe Generale has declined about 70% and is now trading around $4.00 per share. Mounting pressure on European banks, including Societe Generale, is directly linked to Europe’s sovereign debt crisis. If Greece defaults, losses would increase at European banks and raise even greater concern over the ability of euro-zone nations to repay their debts. On September 14, 2011, Moody’s downgraded the credit ratings of Societe Generale and Credit Agricole after significant volatility in the markets as investors worried about their exposure to Greece’s debts.

According to Steven D. Toskes of K&T, “What is unfolding in Europe is similar to what we saw in America in 2008, with the tightening of the credit markets and the collapse of Lehman Brothers. With exposure to Greece, European banks have started to extend less credit to borrowers, and investors are worried about their exposure to these banks. It’s usually a bad sign when credit begins to constrict.”

Investors who held Societe Generale stock at a full service brokerage firm and sustained substantial losses may be able to recover their losses through the arbitration forum established by the Financial Industry Regulatory Authority (“FINRA”). FINRA’s Arbitration Department is where investors, both retail and institutional, go to seek redress as a result of sales practice violations committed by their brokerage firm, including claims of over-concentration, misrepresentation and omission, unsuitable recommendations and failure to supervise. Investors who held large, concentrated positions in Societe Generale may have a claim for mismanagement of their portfolio given the fact that there were risk management strategies that would have protected the value of the concentrated position in Societe Generale. Such risk management strategies include stop loss and limit orders, protective puts and collars. Stop loss orders, limit orders and protective puts provide an account with downside protection and an exit strategy should the stock decline in value. A hedge strategy, known as a “zero cost” collar, would have created a range of value that the portfolio would have maintained irrespective of the fluctuation and direction of the underlining stock price.

If you wish to discuss this announcement or sustained investment losses of $250,000 or more in Societe Generale, please contact Steven D. Toskes or Jahan K. Manasseh of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at http://www.nasd-law.com

Societe Generale (PK) (USOTC:SCGLY)
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부터 10월(10) 2024 으로 11월(11) 2024

Societe Generale (PK) (USOTC:SCGLY)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024