ATTENTION FMSBONDS CUSTOMERS WHO PURCHASED FRONTIER COMMUNICATIONS BONDS: KlaymanToskes Commences Investigation on Behalf of Investors
FRONTIER COMMUNICATIONS (FTR)
Last frontier communications earnings: 3/31 05:21 pm
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US:NASDAQ Investor Relations:
investor.frontier.com/investor-relations
Company Research
Source: Business Wire
BOCA RATON, Fla.--(BUSINESS WIRE)--KlaymanToskes (“KT”), www.klaymantoskes.com, announces an investigation on behalf of customers of FMSbonds (“FMS”) who were recommended to purchase Frontier Communications (NASDAQ:FTR) (“Frontier”) bonds. These bonds 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.Under FINRA Rules, broker-dealers have an obligation to make suitable recommendations to their customers and to conduct adequate due diligence into investments before recommending them to customers. Furthermore, FMSbonds was obligated to properly supervise the activities of its brokers to determine if they were making suitable recommendations to their customers. FMS has been sanctioned multiple times by the Financial Industry Regulatory Authority (“FINRA”) for its offer and sale of bonds.Frontier recently filed for bankruptcy p
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