Blum & Silver, LLP Wins FINRA Arbitration Against Financial Advisor David Applefeld

CORAL SPRINGS, Fla., Sept. 5, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm,
Blum & Silver, LLP, (http://www.stockattorneys.com) announced today that it has
won a significant arbitration award (Case No. 07-02447) before the Financial
Industry Regulatory Authority ("FINRA") regarding the sale of a hedge fund which
had been approved by his firm. The FINRA Panel awarded approximately $280,403.88
in compensatory damages and over $800,000.00 in punitive damages and other
relief to a former customer of David Applefeld ("Applefeld"), a FINRA registered
broker during the relevant time period. The Arbitration Panel found Applefeld
had engaged in gross misconduct including selling away.

Blum & Silver, LLP continues to investigate, on behalf of other clients,
potential sales practice violations of licensed brokers at various securities
brokerage firms, for the sale of hedge funds, real estate investments and other
non-approved investments. Blum & Silver, LLP is pursuing arbitration suits
before the FINRA for violations including failure to supervise, negligence,
fraud, unsuitability claims, misrepresentation and material omissions of fact
and trading activities. Blum & Silver, LLP has successfully prosecuted claims
involving violations of Florida's elder abuse statute.

This case highlights the ongoing problem of trusted financial advisors selling
investments not approved by their brokerage firms through gross
misrepresentations and lack of supervision. Blum & Silver, LLP urges victims of
financial misconduct to contact Blum & Silver, LLP to learn more about their
legal rights.

The Law Offices of Blum & Silver, LLP is a nationally-recognized securities and
commodities law firm headquartered in South Florida with satellite offices in
New York and elsewhere. The primary focus of the firm is representing investors
worldwide with their claims for losses due to stockbroker misconduct and
brokerage firm negligence in securities and commodities litigation and
arbitration matters. The firm is the lead counsel in numerous securities
arbitration cases against many brokerage firms. If you wish to discuss this
announcement or have information relevant to our securities and commodities
arbitration claims, please contact Scott L. Silver, Esq. of Blum & Silver, LLP,
at 1-877-STOCK LAW (1-877-786-2552) or visit us on the web at
http://www.stockattorneys.com.

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CONTACT: Blum & Silver, LLP
Scott L. Silver, Esq.
1-877-STOCK LAW
1-877-786-2552
http://www.stockattorneys.com