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Soreide Law Group, PLLC, is a securities litigation firm that is committed to helping victims recover financial losses due to fraudulent or negligent conduct on behalf of stock brokers or financial advisors. We are able to represent investors nationwide in the handling of their securities... More
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  • Detroit General Obligation Bonds Are Defaulting. If You Invested At The Recommendation Of Your Financial Advisor You May Be Able To Recover Your Detroit GO Bond Losses.  0 comments
    Sep 26, 2013 1:23 PM

    Many elderly investors purchased Detroit General Obligation Bonds at the direction of their financial advisor believing they were safe and secure investments for retirement. Detroit's bankruptcy filing, holders of the "unlimited" debt may get as little as 3 percent of their face value, if the bankruptcy court rules the debt is unsecured.

    If you purchased these defaulting Detroit bonds, call Soreide Law Group for a free consultation to discuss how you can pursue claims through the Financial Industry Regulatory Authority or "FINRA" to recoup your losses from the brokers and brokerage firms that recommended these bonds. Detroit General Obligation Bond Investors call: (888) 760-6552.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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