Wiped-Out Fund Investors Seek to Recoup Losses From Broker
- 12 OptionSellers investors claim they lost all their money
- FCStone is alleged to have failed to prevent account losses
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Twelve investors of wiped-out investment firm OptionSellers.com are seeking to recoup more than $7 million in losses from INTL FCStone Inc., the brokerage that handled their accounts.
ChapmanAlbin LLC, a Cleveland-based law firm, said it filed for arbitration with the Financial Industry Regulatory Authority on behalf of the Michigan-based investors, who lost all the funds in their accounts and now also owe money to FCStone.