19.02.2008 17:32:00
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Notice to All Citigroup Customers Who Invested in Auction Rate Securities from the Securities Law Firm of Klayman & Toskes
NEW YORK, Feb. 19 /PRNewswire/ -- The Securities Law Firm of Klayman & Toskes, P.A. ("K&T")(http://www.nasd-law.com/ ) announced today that it is investigating the sales practices and supervision by Citigroup with regard to its trading of Auction Rate Securities. Auction Rate Securities are typically represented to be safe investments which are akin to money-market funds. However, in the collapse of the credit markets, Auction Rate Securities may become illiquid and difficult to value. As a result, several customers of Citigroup have sustained heavy losses in Auction Rate Securities sold by the firm.
If you purchased Auction Rate Securities from Citigroup, or if you have information relevant to our investigation, please contact Lawrence L. Klayman, Esquire or Steven D. Toskes, Esquire of Klayman & Toskes, P.A., at 888-997-9956. You may also visit us on the web at http://www.nasd-law.com/ .
Klayman & Toskes, P.A., an experienced and nationally recognized securities litigation law firm, continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
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