Fannie Mae Preferred Stock Investor Investigation

July 19, 2011 - PRLog -- An investigation on behalf of investors in Fannie Mae preferred stocks, who invested via firms like Merrill Lynch, Morgan Stanley, Citigroup Smith Barney, Raymond James, Wachovia, AG Edwards, Edward Jones, Goldman Sachs, ING, Northern Trust, Morgan Keegan and JP Morgan was announced.

If you purchased Fannie Mae preferred stocks via firms like Merrill Lynch, Morgan Stanley, Citigroup Smith Barney, Raymond James, Wachovia, AG Edwards, Edward Jones, Goldman Sachs, ING, Northern Trust, Morgan Keegan, JP Morgan or others, you still have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on potential shareholder claims against financial advisors and brokers at firms like like Merrill Lynch, Morgan Stanley, Citigroup Smith Barney, Raymond James, Wachovia, AG Edwards, Edward Jones, Goldman Sachs, ING, Northern Trust, Morgan Keegan and JP Morgan for recommending an investment in Fannie Mae preferred shares.

On May 6, 2008 Fannie Mae announced it was raising $6 billion in capital by issuing a combination of preferred, convertible and preferred stock

According to the investigation investment preferred stocks were often sold as a safe and secure investment and there are two major misrepresentations commonly made when preferred investments, such as Fannie Mae was sold. Investors were often told that their investment was safe and they could not lose their money or at least would not lose investment in principal in preferred investments. Often investors were also told at the time of the investment when in the unlikely event that Fannie Mae would default the U.S. government would step in and cover their investment losses.

However on Sunday, September 7, 2008, in the biggest government bailout in U.S. history, federal regulators seized control of Fannie Mae. This left preferred shares investors with essentially worthless investments.

Those who invested in Fannie Mae preferred stocks via firms like Merrill Lynch, Morgan Stanley, Citigroup Smith Barney, Raymond James, Wachovia, AG Edwards, Edward Jones, Goldman Sachs, ING, Northern Trust, Morgan Keegan, JP Morgan or others, still have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio legal monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.