HOUSTON, Dec. 23, 2013 /PRNewswire/ -- The securities attorneys at Reich & Binstock [www.reichandbinstock.com] want to help investors recoup money that they lost after they purchased gold exchange-traded funds, or gold ETFs, at the recommendation of their financial advisors.
Losses suffered on gold buys became more salient after the reporting of disheartening market news. The price of the precious metal skidded to a three-year low Dec. 19, and barring a robust 11th-hour turnaround gold may post its first annual loss in 13 years, according to published reports.
"Precious metal securities are supposed to be safe, but this is not always the case," Reich & Binstock Of Counsel Debra Brewer Hayes said. "Anyone who suffered a loss on a gold investment based on broker representations of the supposed safety of the investment should call for help. We will fight for the right of such an investor to recover some or all of his or her loss.
"In these circumstances, we do not believe that the investor should be left without a parachute. Some people lost their shirts. At Reich & Binstock, we want to be a part of the solution."
Jeffrey Pederson P.C. [www.jpedersonlaw.com] is also investigating these types of cases, giving aggrieved investors another direct point of contact:
Debra Brewer Hayes
Reich & Binstock
Phone: (713) 622-7271
Address: 4265 San Felipe, Suite 1000, Houston, TX 77027
Founded in 1984 and operating in every state, Reich & Binstock is a Houston-based law firm that has extensive trial practice and significant experience in virtually every area of civil litigation.
Facebook – https://www.facebook.com/pages/Reich-Binstock-LLP/364426552226
Twitter – @rbfirm
LinkedIn – www.linkedin.com/company/reich-and-binstock-llp
Website – www.reichandbinstock.com
SOURCE Reich & Binstock