Press Releases

Notice to All First Regional Bancorp Investors from the Securities Law Firm of Tramont Guerra & Nunez, PA

Coral Gables, Florida May 18, 2010 - The Securities Law Firm of Tramont Guerra & Nunez, PA (TGN) makes an announcement to all First Regional Bancorp (FRB) investors concerning the class action lawsuit (Case No. 10 CV 00537) filed May 5, 2010, in the United States District Court, Central District of California, for the class period starting January 27, 2007 and ending January 27, 2010. The class action filed alleges, "a fraudulent scheme perpetrated by the defendants that concealed from plaintiffs and the investing public the true financial and operating condition of FRB and the Bank." Prospective class members should consider whether an individual securities arbitration claim filed with the Financial Industry Regulatory Authority, (FINRA) is more effective than a class action for recovery of their investment losses. FINRA is a self regulating organization with sales practice rules and regulations that govern the securities industry's conduct to help safeguard the investing public.

For many investors, First Regional 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
2100 Ponce De Leon Blvd, Penthouse II
Coral Gables, Florida 33431
(800) 578-0137

ben@rtgn-law.com
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