updated 11/30/2010 5:46:03 PM ET 2010-11-30T22:46:03

FORT LAUDERDALE, Fla., Nov. 30, 2010 (GLOBE NEWSWIRE) -- The Law Firm of David R. Chase, P.A announces that it is has filed a FINRA arbitration claim on behalf of an elderly individual against Securities America, Inc. seeking the recovery of his investment loss in Medical Capital Notes.

The arbitration claim alleges that Securities America fundamentally misrepresented the true nature and risks of the Medical Capital investment by touting it to be safe and suitable when, in truth, it was not. The arbitration claim further alleges that Securities America failed to perform adequate due diligence on the Medical Capital investment. 

Both the Montana Commissioner of Securities and the Massachusetts Securities Division have made regulatory filings against Securities America in connection with its sale of Medical Capital Notes. 

The Law Firm of David R. Chase, P.A., based in Fort Lauderdale, Florida, represents investors nationwide in cases against the major Wall Street Firms. The Firm is currently representing other Medical Capital Investors, some of whom purchased the investments through Securities America. The Firm's principal, David R. Chase, has been practicing for over 18 years, is AV-Rated by Martindale-Hubbell -- its highest competence and ethics rating, and previously served as a securities prosecutor for the Federal Government. More about the firm is available on its website at: www.davidchaselaw.com. 

If you or a family member suffered losses in Medical Capital Notes purchased through Securities America and are unsure of what your next legal steps should be, please contact David R. Chase, Esq., who is personally handling these cases at: 888-337-8625 (Toll Free).

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