Notice to All Morgan Stanley Clients From the Securities Arbitration Law Firm of Klayman & Toskes, P.A.
March 17 2005 - 7:01AM
PR Newswire (US)
Notice to All Morgan Stanley Clients From the Securities
Arbitration Law Firm of Klayman & Toskes, P.A. NEW YORK, March
17 /PRNewswire/ -- The Law Firm of Klayman & Toskes, P.A.
("K&T") ( http://www.nasd-law.com/ ) continues to pursue
individual securities arbitration claims before the National
Association of Securities Dealers ("NASD") and the New York Stock
Exchange ("NYSE") on behalf of high net worth investors who prefer
not to participate in, and investors who are ineligible to recover
from, the $433 million research analyst distribution fund created
by the Securities and Exchange Commission ("SEC"). The distribution
fund follows the decision against several brokerage firms including
Morgan Stanley (NYSE:MWD) by the SEC (SEC v. Morgan Stanley &
Co. Incorporated No. 03 Civ. 2948 WHP) for violation of the
Securities and Exchange Act of 1934 ("Exchange Act") and for
violation of NASD rules 2110 and 2210 and NYSE rules 401, 472 and
476 (a)(6). Although the market capitalization lost in excess of $1
billion, the distribution fund has only allocated $25 million for
the following stocks purchased through Morgan Stanley. 1. Ask
Jeeves Inc. (NASDAQ:ASKJ) Apr. 20, 00 - Jul. 19, 00 2.
drugstore.com (NASDAQ:DSCM) Apr. 25, 00 - Jul. 24, 00 3. Inktomi
Corp Dec. 7, 00 - Jun. 4, 01 4. Ventro Corp (Formerly Chemdex Corp)
Apr. 5, 00 - Jul. 4, 00 K&T currently represents numerous high
net worth investors who have filed individual securities
arbitration claims. Investors suffering large losses achieve an
overall higher recovery rate through arbitration than any other
means. Empirical evidence shows that when an investor suffers
losses in larger amounts, usually in excess of $100,000, an
individual dispute resolution process such as an arbitration claim
filed before the NYSE or the NASD may be the best means of
recovering losses suffered. K&T has offices in California,
Florida, Nebraska, and New York and represents investors throughout
the nation. The sole purpose of this release is to investigate, on
behalf of our clients, sales practice violations of licensed
brokers at major investment firms. If you wish to discuss this
announcement or have information relevant to our securities
arbitration claims, please contact Lawrence L. Klayman at
1-888-997-9956 or visit us on the web at http://www.nasd-law.com/ .
DATASOURCE: Klayman & Toskes, P.A. CONTACT: Lawrence L.
Klayman, Klayman & Toskes, P.A., +1-888-997-9956 Web site:
http://www.nasd-law.com/
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