PRESS RELEASE: Investment Losses Caused by Stifel Nicholas Brokers and Quantum Fuels (NASDAQ: QTWW)
FOR IMMIATE RELEASE Israels & Neuman, PLC announces that it has launched an investigation in Stifel Nicolas and its sales of Quantum Fuels a/k/a Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW).
Quantum Fuel Systems Technologies Worldwide, Inc. develops, produces, and sells compressed natural gas fuel storage tanks and packaged fuel storage systems for passenger vehicles and heavy, medium, and light-duty trucks in the United States and around the world. Its products include high pressure gaseous fuel tanks, packaged fuel system modules, gaseous fuel electronic vehicle control systems and software, hybrid control and motor control software systems, inverters and motors, and engines/generators and fuel cell power.
A confidential source has disclosed that employees and registered representatives of Stifel Nicolas have allegedly been promoting the purchase of Quantum Fuel Quantum Fuel Systems Technologies Worldwide, Inc. Israels & Neuman, PLC has been informed that Stifel Nicholas brokers have been marketing this stock as a “sure thing” with little-to-no downside. Stifel Nicholas brokers have also stated that, allegedly, they are heavily invested in Quantum Fuel Systems Technologies Worldwide, Inc., in their personal portfolios.
To the contrary, QTWW seems to be anything but a sure thing. As of August 18, 2015, the current stock price of Quantum Fuels has settled at roughly $1.54 per share. The company is currently trading on the NASDAQ; however, if the stock value falls below $1.00 for more than 30 consecutive days, the company could be delisted from the NASDAQ and forced to trade on the OTC markets. QTWW Resources stock has rarely been valued at more than $5.00 per share since November of 2011, aside from a brief spike that lasted only six months in the end of 2013 through the end of 2014. After this spike, the Quantum Fuel Systems Technologies Worldwide, Inc. stock price became extremely volatile, losing 71% of its value from March 20, 2014 to May 6, 2014. The stock price was literally cut in half in 24 hours between May 5, 2014 and May 6, 2014, falling from $6.23 per share to $3.04 per share in just one day. It has been alleged to Israels & Neuman, PLC, that Stifel Nicholas clients were encouraged to buy QTWW stock during the near height of this bubble in 2014.
An investment in Quantum Fuel Systems Technologies Worldwide, Inc. was extremely risky. If you purchased stock in QTWW on the advice of a Stifel Nicolas or any other financial advisor or stockbroker, you may be able to bring a claim for your losses through FINRA arbitration. This is because financial advisors have a duty to disclose risks associated with these types of investments and must ensure that their clients’ portfolios are adequately diversified, so that the investor’s portfolio is not completely wiped out in the event of a downturn.
Aaron Israels and David Neuman are experienced securities arbitration attorneys and have represented investors in recovering their investments in micro-cap oil stocks. Israels & Neuman, PLC represents arbitration clients in all 50 states, including those located in Denver and Seattle.
If you have lost money in an investment in Quantum Fuels a/k/a Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) or with Stifel Nicolas, please visit https://www.israelsneuman.com and go to our CONTACT page or call us at 720-599-3505.