NOTICE TO NEW YORK MORTGAGE TRUST, INC. (NYMT) INVESTORS – mences investigation for NYMT Investors with Losses in Excess of $100,000 due to a Recommendation from their Full-Service Brokerage Firm/Financial Advisor | KlaymanToskes
Summary
KlaymanToskes (“KT”), http://www.klaymantoskes.com, announces an investigation on behalf of investors who sustained losses in excess of $100,000 from the recommended purchase of New York Mortgage Trust, Inc. (NASDAQ:NYMT) (“NYMT”) a Real Estate Investment Trust (“REIT”). NYMT closed at 6.27 on February 21, 2020, prior to the significant market event that was precipitated by COVID-19. This investment may have been marketed and sold to investors who were risk averse, such as retirees or other conservative investors, that were seeking income and capital preservation and were not explained the potential risks by their full-service brokerage firm or their financial advisor. NYMT recently announced that it did not expect to be able to fund future margin calls. However, if you made self-directed trades in your investment account with E-Trade, TD Ameritrade, Charles Schwab, Fidelity, or Interactive Brokers, or another self-trading platform, this investigation does not apply to you.