Has anyone sued a brokerage house and/or their mutual funds?

there was a huge wave of these kind of suits after the dot com crash.

find an attack dog lawyer who does contingency cases and gear up for the class action suit.

there are lots of folk in your position.

it seems that the bond rating agencies [Moody's, et al.] did not really know what they were doing on some of these fancy new derivatives and collective items. so they rated them AAA or BAA or whatever when they were more like C in the first place.

then, the brokerages went and sold them to their customers without doing more research than looking up the Moody's rating. At least, this is what your case will claim. [I have no idea what they actually did -- and it obviously didn't work, did it?]

on the other hand, if you'd bought the AAA rated bonds of Exxon they'd still be worth every cent of your investment.

Of course Exxon didn't offer the same interest rate, did they??

the name of the game is screw or be screwed!!!! this mentality is going to take the whole country down!