The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com) announced today that it is investigating potential claims on behalf of Facebook, Inc. (NasdaqGS: FB) investors who sustained losses in their Fidelity Investments accounts as a result of execution problems at the brokerage firm. It has been reported that "thousands" of Fidelity's clients have been affected by trading issues which arose following the initial public offering of Facebook. Specifically, many of these investors have learned that their orders for Facebook stock were not executed at the prices they previously expected. Similarly, some investors decided to cancel their orders of Facebook stock before it began trading at 11:30 a.m. on May 18, but the stock was assigned to their Fidelity accounts anyway. Due to Fidelity's failure to honor the order cancellation, some investors were faced with unexpected margin calls which only exasperated the situation.
Facebook investors who sustained losses as a result of execution errors in their Fidelity accounts can contact K&T to explore their legal rights and options. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered investment losses. K&T, an experienced and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or have information relevant to our investigation, please 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 http://www.nasd-law.com
Contacts:
Klayman & Toskes, P.A.
Steven D. Toskes, Esquire,
888-997-9956
or
Jahan K. Manasseh, Esquire, 888-997-9956
http://www.nasd-law.com
