NOTICE TO NEW YORK MORTGAGE TRUST, INC. (NYMT) INVESTORS – KlaymanToskes commences investigation for NYMT Investors with Losses in Excess of $100,000 due to a Recommendation from their Ful...
New York Mortgage Trust, Inc. (NYMT)
Last new york mortgage trust, inc. earnings: 2/24 04:05 pm
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--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. Today, NYMT trades at around 1.37, or nearly 80% lower than its market value on February 21, 2020. 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. Investors may seek damages in FINRA arbitration if a financial advisor made a recommendation to purchase
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