Notice to All Investors of Fannie Mae and Freddie Mac Stock From the Law Firm of Blum & Silver, LLP

Marketwatch reports:

The Law Offices of Blum & Silver, LLP ( http://www.stockattorneys.com) is a nationally-recognized securities law firm headquartered in South Florida with a satellite office in New York City. Blum & Silver is currently investigating losses incurred from investments in Fannie Mae and Freddie Mac preferred stock.
According to Blum & Silver's investigation so far, several brokerage firms sold various series of Freddie Mac and Fannie Mae preferred shares as safe, stable fixed-income investments. Freddie Mac and Fannie Mae preferred shares were regularly sold to retired individuals and other retail customers looking to generate income. However, many of these clients were not advised of the risks associated with preferred shares. Additionally, several brokers and financial advisors purchased an unsuitable amount of shares in their clients' accounts, thereby creating a significant over-concentration in a single security or sector.
We believe investors will achieve better results on their claims through individual arbitration claims rather than through the class action process.

No word yet from MSNBC's David Gregory's wife Beth Wilkinson or Barnie Frank or former Freddie Mac board member Rahm Emanuel on this one.