Articles Tagged with Options Strategy Loss Lawyer

Houston Retirees File $5,000,000 Lawsuit Against Fidelity

Shepherd Smith Edwards & Kantas, LLP (investorlawyers.com) Options Strategy Loss Lawyer teams are representing more Fidelity customers wrongfully convinced to use options to hedge their concentrated position.  This is at least the third similar case SSEK has been retained to work on for a Fidelity investor with a large position in a single company who was told to use that to engage in a covered call strategy against that position.

In the most recent case, a Houston couple has filed a FINRA arbitration against Fidelity Brokerage Services alleging that the covered call strategy sold to them was misrepresented and far too risky.  Ultimately, the stock they were holding went up in value significantly, resulting in almost $8 million in losses from this recommended strategy.