Fannie Mae Preferred Series T Offering

On May 6, 2008 Fannie Mae announced it was raising $6 billion in capital by issuing a combination of preferred, convertible and preferred stock. In fact, at the time, FNMA needed at least an additional $46 billion dollars. The financial stress on FNMA at the time was widely reported in the media.

Despite these reports, and despite these facts, a number of stockbrokers concentrated their client's holdings in FNMA's Series T offering. Such transactions may have been inconsistent with their client's investment objectives, and in violation of FINRA's suitability rules.

NASD/FINRA rules provide that licensed stockbrokers and financial planners must conduct "due dilligence" into the investments made for their clients, and must refrain from making "wholesale recommendations".

The Law Office of David Liebrader is currently representing clients who purchased FNMA 8.25% Preferred Stock Series T, and offers a free consultation to investors who lost money through the purchase of these shares.

Did you lose money investing in FNMA's Preferred Series T offering?

Did you lose money investing in FNMA's Preferred Series T offering?

Contact Information

The Law Office of David Liebrader, Inc.


601 S. Rancho Drive, Ste.#D-29
Las Vegas, NV 89106
Phone: 702-380-3131
Fax: 702-380-3102
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