NEW YORK, Aug. 11 /PRNewswire/ -- The Securities Law Firm of Klayman & Toskes, P.A. http://www.nasd-law.com/, representing numerous investors who sustained losses in Citigroup's Hedge Funds managed by Citi Alternative Investments, issued an important notice to all former Smith Barney/Citi Private Bank Financial Advisors who sold the ASTA, MAT and/or Falcon Funds to their clients. Klayman & Toskes has filed a securities arbitration claim, Case No. 09-05868, with the Financial Industry Regulatory Authority on behalf of an investor who lost money in Citigroup's hedge funds. The Law Firm is interested in talking with all former Smith Barney/Citi Private Bank Financial Advisors who have knowledge of the sales practices and representations made by Smith Barney, Citi Private Bank and/or Citi Alternative Investments regarding the ASTA, MAT and Falcon Funds. Many Smith Barney/Citi Private Bank Financial Advisors have reported that they were provided with misinformation concerning the ASTA, MAT and Falcon Funds, which in turn was passed on to their clients. As a result, investors in the ASTA, MAT and Falcon Funds, who were seeking low risk, tax free income, sustained significant losses. According to Citigroup's Form 10-Q, filed with the SEC on August 7, 2009, "Citigroup and certain of its affiliates are subject to formal and informal investigations, as well as subpoenas and/or requests for information, from various governmental and self-regulatory agencies to the marketing and management of the Falcon and ASTA/MAT funds."
The attorneys at Klayman & Toskes are dedicated to pursuing claims on behalf of investors who have suffered investment losses. Klayman & Toskes, an experienced, qualified, 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 claims, please contact Steven D. Toskes or Jahan K. Manasseh of Klayman & Toskes at 888-997-9956, or you may visit us on the web at http://www.nasd-law.com/.
Klayman & Toskes, P.A.
CONTACT: Steven D. Toskes or Jahan K. Manasseh of Klayman & Toskes,
+1-888-997-9956
Web Site: http://www.nasd-law.com/
