updated 10/14/2010 8:45:46 AM ET 2010-10-14T12:45:46

FORT LAUDERDALE, Fla., Oct. 14, 2010 (GLOBE NEWSWIRE) -- The Law Firm of David R. Chase, P.A., representing defrauded investors nationwide, announces that it is investigating potential arbitration claims on behalf of investors in the Stone & Youngberg Municipal Advantage Fund, which was sold by Stone & Youngberg, LLC (S&Y), a FINRA registered securities broker-dealer. In some cases, investors who purchased limited partnership units of S&Y Municipal Advantage Fund I, LP have lost 100% of their money.  

The law firm's investigation concerns S&Y's representations, both in writing and orally through its sales representatives, to investors about the Municipal Advantage Fund, specifically its true risk level, speculative nature and suitability (or lack thereof) for those individuals, particularly the elderly and retirees, seeking a safe and secure investment.

The law firm has represented investors across the nation in arbitration claims involving another complex, leveraged municipal bond fund that, similar to the Municipal Advantage Fund, sustained significant losses.

The Firm's principal, David R. Chase, has been practicing for over 17 years, is AV-Rated by Martindale-Hubbell -- its highest competence and ethics rating -- and previously served as a Prosecutor for the US Securities and Exchange Commission and Special Assistant United States Attorney. More about the firm is available on its website at: www.davidchaselaw.com.            

For more information about the firm's investigation into the Stone & Youngberg Municipal Advantage Fund at no obligation, please contact:

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