SOURCE: Tramont, Guerra & Nunez, P.A.

October 09, 2008 08:00 ET

The Law Firm of Tramont Guerra Núñez, PA Urges Federal Home Loan Mortgage Corporation Prospective Class Members to Weigh Options

CORAL GABLES, FL--(Marketwire - October 9, 2008) - The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) makes an announcement to Federal Home Loan Mortgage Corporation ("Freddie Mac") (NYSE: FRE) class action lawsuit prospective members (Case No. 08 CV 07281) filed August 15, 2008 for the class period which runs from November 29, 2007 to August 5, 2008. Prospective class members may be able to recover investment losses through an individual securities arbitration claim filed with the Financial Industry Regulatory Authority (FINRA).

FINRA is charged with the oversight of the securities industry and the establishment of standards of care for handling client accounts concerning investment recommendations and supervision. The member firms are charged with compliance with the securities industry rules and regulations promulgated by FINRA. Failure by financial advisors to comply with the rules and regulations can result in sanctions and penalties. In many instances financial advisors recommended Freddie Mac securities as safe, stable investments. Furthermore, concentrated investments in a particular security or sector, is considered unsuitable and a sales practice violation which may qualify an investor for an individual arbitration claim with FINRA. In some cases, shareholders must "opt-out" as a class member in order to pursue a securities arbitration claim filed with FINRA.

The Securities Law Firm of Tramont Guerra & Núñez, PA, is a bilingual law firm located in Coral Gables, Florida. To request a confidential consultation from a TGN attorney concerning losses that were the result of sales practice violations in a full service brokerage account, contact us on our website at To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

Contact Information

  • Contact:
    David Chacin, Esquire
    Tramont Guerra Núñez, PA
    (800) 578-0137
    Email Contact