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: New York City Personal Injury LawyerReserve Yield Plus Fund (RYPQX) -- Investors Fight Back
By Vincent Imbesi
TDAmeritrade sold the Reserve Yield Plus Fund (RYPQX) to its clients, claiming it was a "money market" fund. Of course, the fund is not technically a money-market fund, but it was presented to clients as one...and in lies the potential liability.
Investors that purchased the Reserve Yield Plus Fund have formed an Internet group to trade evidence and explore legal options. Attorney Vincent Imbesi is leading the charge. He plans to file multiple arbitration claims with FINRA, this week, against TDAmeritrade.
"Some of the stories are heartbreaking. Some elderly clients invested their entire life savings in the Fund, and they cannot afford to their daily living expenses, because their money is completely frozen," Mr. Imbesi explained.
If you have purchased the Reserve Yield Plus Fund or Reserve Primary Fund, please call or e-mail Vincent Imbesi.
Vincent Imbesi is the head securities attorney at Napoli Bern Ripka LLP. He has recovered millions of dollars for individual investors. He provides a free consultation for investors with potential claims of stock fraud or negligence.
Originally posted at InjuryBoard by Vincent ImbesiFull post as published by New York City Personal Injury Lawyer on October 06, 2008 (boomark / email).
The Reserve Fund's Primary Fund
401(k) / ERISA Stock Fraud
The Reserve Fund's Primary Fund
RFIXX
Mutual Fund Losses
alleging financial advisors breached fiduciary duties by not looking out for investors best interests.
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