Press Releases

Securities Arbitration Claim Filed on Behalf of Elderly Retired Couple against RIM Securities, LLC and Bradford H. Blazar for Life Partners Life Settlement Investments

Coral Gables, Florida January 31, 2012 - The Law Firm of Tramont Guerra & Nunez, PA (TGN) announces the recent filing of a securities arbitration claim (FINRA Case No. 12-00286) on behalf of an elderly retired couple against RIM Securities, LLC and Bradford H. Blazar for investments made in Life Partners Life Settlement contracts. The arbitration claim filed by an elderly retired couple alleges that they were solicited by Bradford H. Blazar while under the supervision of RIM Securities, LLC to invest the entire balance of their IRA accounts into fractional interests in life settlement contracts purchased from a wholly owned subsidiary of Life Partner Holdings, Inc. The Claim alleges that there were sales practice violations with respect to the solicitation of the investments which included misrepresentations, failure to conduct adequate due diligence, securities concentration, failure to recommend suitable investments given the Claimants' advanced ages and the need to make minimum required distributions from their IRA accounts.

According to TGN, Claimants' financial advisor recommended investments in Life Partners Life Settlement contracts that were unsuitable investments for their IRA 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. According to TGN, full-service brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice for investments made in customer accounts. The failure to supervise brokers and their unsuitable investment advice, including fraudulent misrepresentations and omission of material facts are all causes of action that may be available to investors 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 investments in Life Partners Life Settlement contracts, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

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

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