COVID-19 Margin Calls
The arrival of COVID-19 in the U.S. caused a period of unusual market volatility. Rather than a careful and measured response, some brokers and financial services providers panicked, seeing a level of risk that wasn't there. Many investors who borrowed on margin or held short positions on options contracts received margin calls from brokers requiring immediate cash to cover potential losses. But the margin calls were not undertaken with proper care and resulted in the liquidation of billions of dollars worth of investor positions. Investors not only lost their investments, but in many cases lost significant capital as a result of the brokers' misconduct.
EKO represents investors who lost investment positions and capital because of frenzied margin calls by brokers.
Learn more about what EKO can do for you.