OptionSellers.com Investment Loss Recovery Center: If you lost money due to OptionSellers.com’s risky trading strategies, the securities attorneys at Peiffer Wolf Carr Kane Conway & Wise will FIGHT to help you recover your losses. If you are an OptionSellers.com investor who invested in their natural gas plan, we are actively investigating claims and representing clients against James Cordier, Rosemary Veasey, Matthew Donovan, Michael Gross, Alicia Zedella, and INTL FC Stone.
Peiffer Wolf is currently investigating claims for anyone who has invested with OptionSellers.com. If you or someone you know invested with OptionSellers.com, Contact Us Today by calling 504-523-2434 or by filling out an online Contact Form for a FREE Consultation.
Concerns about possible advisor misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors. If you believe you were a victim of investment fraud or advisor misconduct, it is imperative to take action quickly. Peiffer Wolf has represented thousands of individual investors, and we remain committed to recovering as much compensation as possible for our clients.
CLAIMS AGAINST OPTIONSELLERS.COM & INTL FC STONE
Based on our years of experience and the facts of this catastrophic disaster, Peiffer Wolf believes there are potential claims against OptionSellers.com, the principals of OptionSellers.com, and INTL FC Stone. OptionSellers.com’s risky trading strategies were likely unsuitable for their clients. Moreover, it is likely that OptionSellers.com and its principals breached their fiduciary duties by placing their own interests before their clients.
As INTL FC Stone was the firm that executed and cleared the trades for OptionSellers.com, we believe they likely failed to conduct proper due diligence and failed to know its customers by allowing trading strategies that were inappropriate for risk tolerance and stated objectives. Moreover, INTL FC Stone allowed OptionSellers.com to trade investors’ qualified funds, like IRA accounts, on margin. This trading strategy is generally not permitted in qualified fund accounts. Finally, it is likely that INTL FC Stone did not have sufficient procedures and controls in place to prevent this type of catastrophic loss.
While writing naked options may sound outrageously aggressive and even frightening to some, if it is done correctly, one should be able to sleep very well at night, Cordier and Gross wrote in their book. The downside, of course, is that the market potentially can exceed your risk parameter.
WE FIGHT TO RECOVER INVESTMENT LOSSES
OptionSellers.com clients were required to open accounts at INTL FC Stone and provide OptionSellers.com with trading discretionary trading authority. Tampa-based OptionSellers.com is a registered commodity trading advisor that offers clients individually managed portfolios. According to OptionSellers.com’s website, prior to being taken down on November 16, 2018, it conveyed to its customers that “our goal is to take an aggressive vehicle and manage it conservatively.”
Unfortunately for its investors, OptionSellers.com traded “naked” options on various commodities. James Cordier, President and Head Trader at OptionSellers.com, has been an outspoken proponent of using naked options to trade in the volatile energy market. In numerous interviews and articles, as well as his own book, Cordier, touted the potential rewards and promised consistent results.
However, as we saw with natural gas, that’s not always the case. You can get into a situation where the market is getting away from you pretty quickly, said Jack Scoville, vice president at Price Futures Group in Chicago
FREE Consultation | 504-523-2434
Peiffer Wolf is currently investigating claims for anyone who has invested with OptionSellers.com. We are currently representing clients against James Cordier, Rosemary Veasey, Matthew Donovan, Michael Gross, Alicia Zedella, and INTL FC Stone.
Contact Us Today by calling 504-523-2434 or by filling out an online Contact Form for a FREE Consultation. Concerns about possible broker misconduct and investment fraud are serious, and we are committed to fighting on behalf of investors.