{"id":4461,"date":"2007-06-21T14:02:22","date_gmt":"2007-06-21T14:02:22","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/06\/will_brookstreet_securities_be_1"},"modified":"2021-09-20T15:41:33","modified_gmt":"2021-09-20T20:41:33","slug":"will-brookstreet-securities-be-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/will-brookstreet-securities-be-1\/","title":{"rendered":"Will Brookstreet Securities Be Wiped Out by a CMO Debacle?"},"content":{"rendered":"

\t\t\t\tClaims are being filed and steps are being taken toward a class action to assist investors recover their losses after Brookstreet Securities reportedly advised its 500 brokers via E-mail that “disaster” had struck which could soon close the firm! Text of the firm’s internal e-mail is as follows:<\/p>\n

“Disaster, the firm may be forced to close…<\/p>\n

“Today, the pricing system used by National Financial has reduced values in all Collateralized Mortgage Obligations. Many of those accounts were on margin and have suffered horrendous markdowns and unrealized as well as realized losses.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Claims are being filed and steps are being taken toward a class action to assist investors recover their losses after Brookstreet Securities reportedly advised its 500 brokers via E-mail that “disaster” had struck which could soon close the firm! Text of the firm’s internal e-mail is as follows: “Disaster, the firm may be forced to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3774,3832,3804],"tags":[],"class_list":["post-4461","post","type-post","status-publish","format-standard","hentry","category-broker-dealers","category-brookstreet","category-class-action-lawsuits"],"yoast_head":"\nWill Brookstreet Securities Be Wiped Out by a CMO Debacle? — Investor Lawyers Blog — June 21, 2007<\/title>\n<meta name=\"description\" content=\"Claims are being filed and steps are being taken toward a class action to assist investors recover their losses after Brookstreet Securities reportedly — June 21, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/will-brookstreet-securities-be-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Will Brookstreet Securities Be Wiped Out by a CMO Debacle? 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