Investigating Potential Claims Involving Advaxis Inc.
The White Law Group is currently investigating potential securities claims involving broker-dealers who may have unsuitably recommended Advaxis Inc. to investors.
Background on Advaxis Inc.
According to a press release on Jan. 19, 2023 Advaxis, Inc. (OTCQX: ADXS), a biotechnology company devoted to the discovery, development and commercialization of immunotherapies announced the completion of a merger with Ayala Pharmaceuticals, Inc. (Nasdaq: AYLA), a clinical-stage oncology company focused on developing and commercializing small molecule therapeutics for patients suffering from rare tumors and aggressive cancers.
The stock has continued to trade on OTC under the symbol ADXS, the merged company operating under the name Ayala Pharmaceuticals.
Performance – Advaxis Inc. (ADSX)
As of July 15, 2024, shares of ADXS are down –98.17% to $0.12 per share, according to MarketWatch.
Risks Associated with Small Stock Offerings
- Lack of Information: Many small companies may not provide comprehensive financial disclosures or have limited operating histories.
- Market Volatility: Small stocks can be more volatile than larger, established companies, leading to significant price fluctuations.
- Liquidity Concerns: These stocks may have low trading volumes, making it difficult to buy or sell shares at desired prices.
Broker Responsibilities and Investor Protections
Broker dealers are obligated to conduct thorough due diligence on any investment they recommend and ensure that all recommendations are suitable for their clients. Firms that fail in this duty may be held liable for investor losses through FINRA arbitration claims.
If a broker or brokerage firm makes an unsuitable investment recommendation or fails to disclose the associated risks adequately, they may be found liable for investment losses in a FINRA arbitration claim. Fortunately, FINRA provides an arbitration forum for investors to resolve such disputes.
Recovery of Investment Losses
If you have concerns about your investment in Advaxis Inc., you may have the option to file a complaint against your brokerage firm. The securities attorneys at The White Law Group offer free consultations and can be reached at 1-888-637-5510.
About The White Law Group
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington. The firm represents investors across the country in claims against their brokerage firms.
Last modified: August 2, 2024
