PLATINUM PARTNERS LP INVESTOR ALERT – Notice to Investors Who Purchased Platinum Partners LP Hedge Funds through Financial Advisors and Brokerage Firms: The Securities Arbitration Law Firm of Klayman & Toskes, P.A. Opens Investigation

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New York, New York (Globe Newswire) — August 17, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”), www.nasd-law.com, has opened an investigation into potential Financial Industry Regulatory Authority (FINRA) sales practice violations by financial advisors and brokerage firms related to the Platinum Partners Value Arbitrage Fund and the Partners Credit Opportunities Fund.  This investigation follows a recent letter sent to Platinum Partners investors that the hedge funds would be liquidated and reports that the  Securities and Exchange Commission (SEC) has begun an investigation of Platinum Partners for bribery and fraud.

According to K&T founder, Lawrence L. Klayman, “Our investigation focuses on whether investors were advised by their financial advisors to invest in Platinum Partners LP hedge funds, as a part of  ‘selling away’ transactions.  Selling away transactions are broker-advised investments that are not approved by their brokerage firms.”  Mr. Klayman explains, “Brokerage firms who fail to supervise the activities of their financial advisors may be held responsible.”

K&T is conducting an investigation to determine whether brokerage firms violated FINRA sales practice rules related to the Platinum Partners Value Arbitrage Fund and the Platinum Partners Credit Opportunities Fund, including unsuitable recommendations, misrepresentations and omissions of material facts and failure to supervise.   Investors who have information about the sales practices of brokerage firms and their financial advisors are encouraged to contact Lawrence L. Klayman, Esq. or Raymond Gentile, Esq. of Klayman & Toskes at (888) 997-9956, or visit our website at www.nasd-law.com.

About Klayman & Toskes, P.A.

K&T is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds. K&T has office locations in California, Florida, New York and Puerto Rico.

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