Press Releases

Securities Law Firm of Tramont Guerra Nunez, PA Comments on Recent Developments for Cowlitz Bancorp

Coral Gables, Florida (PRWeb) October 16, 2010 - The Securities Law Firm of Tramont Guerra & Nunez, P.A. (TGN) comments on the Cowlitz Bancorp SEC Form 8-K filings, which disclosed the delisting on August 23, 2010 for bank holding company and its banking subsidiary placed into receivership on July 30, 2010. Cowlitz Bancorp was founded in 1978 and is headquartered in Longview, Washington. The bank holding company through its bank subsidiary operations provided a wide range of commercial banking services primarily in the Oregon and Washington area. Bank lending activities and investment decisions have led to substantial losses for Cowlitz Bancorp shareholders. Investors in Cowlitz Bancorp stock should consider what recourse is available to recover their investment losses in stock held in full-service brokerage accounts. The Financial Industry Regulatory Authority, (FINRA) is a self regulating organization with sales practice rules and regulations that govern the securities industry's conduct and safeguard the investing public. For investors who accumulated shares in Cowlitz Bancorp, the recent developments represent a significant loss in income and investment.

For many investors, Cowlitz Bancorp stock represented a long term holding acquired through investment, inheritance or as a founding member. Full-service brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice concerning risk management strategies for concentrated stock positions. When an account is concentrated in a single stock position, it is considered suitable to recommend the implementation of risk management strategies to protect the value of the concentrated position. Brokerage firms are required to supervise the activities in brokerage accounts, losses from securities concentration can be attributed to the failure to adequately supervise the stockbroker and the brokerage account. Recommendations of unsuitable investments and/or maintaining unprotected concentrated stock positions are both causes of action that may be available to investors against their full-service brokerage firm in an individual securities arbitration claim filed with FINRA.

The Securities Law Firm of Tramont Guerra & Nunez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney to determine whether you have a viable individual securities arbitration claim for investment losses that exceed $250,000 from a full service brokerage account, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for Ben Fernandez, Esquire.

Contact:
Ben Fernandez, Esquire
255 Alhambra Circle, Suite 1150
Coral Gables, Florida 33134
(800) 578-0137

ben@rtgn-law.com
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