Advaxis Inc.: Securities Investigation – Investment Losses and Complaints

Are you concerned about your investment in Advaxis Inc. (ADXS)? The White Law Group is currently investigating potential FINRA arbitration claims involving broker-dealers who may have unsuitably recommended Advaxis Inc. to investors, resulting in significant investment losses.

Advaxis Inc.: Securities Investigation Overview

The White Law Group is investigating potential securities claims involving brokers and financial advisors who recommended Advaxis Inc. to investors. If your financial professional failed to properly disclose the risks of this investment or if the recommendation was unsuitable for your portfolio, you may be entitled to recover your investment losses through a FINRA arbitration claim.

Background on Advaxis Inc. and Merger with Ayala Pharmaceuticals

According to a press release dated January 19, 2023, Advaxis Inc. (OTCQX: ADXS), a biotechnology company focused on immunotherapies, completed a merger with Ayala Pharmaceuticals, Inc. (Nasdaq: AYLA), a clinical-stage oncology company developing therapies for rare tumors and aggressive cancers.

Following the merger, the company has continued trading on the OTC Markets under the symbol ADXS and now operates under the name Ayala Pharmaceuticals.

Advaxis Inc. (ADXS) Stock Performance

As of July 15, 2024, shares of Advaxis Inc. (ADXS) were trading at $0.12 per share, representing a staggering -98.17% loss, according to MarketWatch. These devastating losses have led many investors to file complaints and investigate potential avenues for financial recovery.

(Note: Investors should check the most recent share price, as it may have changed since this report.)

Risks of Investing in Small Stock Offerings

Investments in small or micro-cap stocks like Advaxis Inc. carry significant risks, including:

• Limited Financial Disclosures – Smaller companies may lack transparency and a proven track record.

• High Market Volatility – These stocks are often subject to extreme price fluctuations.

• Liquidity Issues – Low trading volume can make it difficult to exit positions without significant loss.

These risks underscore the importance of financial professionals recommending only suitable investments aligned with a client’s risk tolerance and objectives.

Broker Responsibilities and Investor Protections

Broker-dealers have a fiduciary duty to conduct thorough due diligence and to recommend only suitable investments to their clients. If your broker failed to disclose the risks of Advaxis Inc. or recommended it inappropriately, they may be held liable for your investment losses.

The Financial Industry Regulatory Authority (FINRA) provides a forum for investors to resolve disputes through arbitration.

How to Recover Investment Losses

If you experienced investment losses in Advaxis Inc. (ADXS) due to negligent investment advice, you may be able to file a claim to recover damages. The White Law Group is currently reviewing complaints on behalf of investors to assess their legal options.

For a free consultation with a securities fraud attorney, contact The White Law Group at 1-888-637-5510.

About The White Law Group

The White Law Group is a national securities fraud law firm with offices in Chicago, Illinois and Seattle, Washington. The firm represents investors across the country in claims against broker-dealers for investment fraud, unsuitable recommendations, and failure to disclose risks.

To learn more about how we can help with your Advaxis Inc. lawsuit or other securities-related losses, visit www.whitesecuritieslaw.com.

FAQs

1. Can I sue my broker for losses in Advaxis Inc. (ADXS)?
If your broker recommended Advaxis Inc. without properly disclosing the risks or if the investment was unsuitable for your financial profile, you may be eligible to file a FINRA arbitration claim to seek recovery of your investment losses.

2. What are the risks of investing in OTC stocks like Advaxis Inc.?
OTC stocks, including Advaxis Inc. (ADXS), often carry heightened risk due to low liquidity, limited financial disclosure, and increased volatility. These investments are typically suitable only for high-risk, speculative investors.

3. How do I file a complaint or claim involving Advaxis Inc.?
You can file a complaint through FINRA’s arbitration process or consult a securities attorney to evaluate your case. The White Law Group offers free case evaluations to determine if you may be entitled to compensation for your investment losses in Advaxis Inc.