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Napoli Bern Ripka LLP Files Arbitration Claim Against Fisher Investments for Unsuitable Recommendations and Other Violations

/ Source: GlobeNewswire

NEW YORK, April 15, 2011 (GLOBE NEWSWIRE) -- Napoli Bern Ripka, LLP filed an arbitration claim on behalf of an elderly couple against Fisher Investments for unsuitable recommendations, breach of fiduciary duties, and violations of Florida securities law. The couple lost a staggering 50% of their retirement assets during the most recent financial crisis because Fisher Investments allocated nearly 100% of their retirement accounts in stocks and equity-like investments.

Fisher Investments' website touts its flexible approach and accuracy at predicting bear markets. Ken Fisher, founder, CEO, and Chief Investment Officer of Fisher Investments, has written seven best-selling books publicizing his ability to select stocks and "make money on Wall Street." However during the most recent financial crisis, Ken Fisher and Fisher Investments failed to predict the most recent financial crisis, and most importantly, were incredibly inflexible in terms of adjusting to market forces. As a result, Fisher Investments maintained almost a 100% allocation in stocks and equity-like investments for the elderly couple through the spring of 2009.

The law offices of Napoli Bern Ripka, LLP represent defrauded Fisher Investments investors. Napoli Bern Ripka, LLP attorneys have successfully represented hundreds of investors in claims against their brokers and broker-dealers for claims, including suitability, misrepresentation and/or omissions, churning, negligence, breach of contract, breach of fiduciary duty, and other violations of the law. If you are the victim of fraud or any of these investment securities violations and seeking a securities attorney to represent you, call Napoli Bern Ripka, LLP today for a free consultation.

* No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. Past success does not guarantee future success.

CONTACT: Napoli Bern Ripka, LLP Securities Fraud Department 350 Fifth Avenue, Suite 7413 New York, NY 10118 212-267-3700