The Securities Law Firm of Menzer & Hill, P.A. is investigating Brokerage firms that were selling Fannie Mae preferred stock and notes to their customers in secondary public offerings and in the aftermarket. Financial advisors represented to their customers that Fannie Mae preferred shares were low risk investments that were backed by the U.S. government. On September, 6, 2008, the Federal Housing Finance Agency placed Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) into conservatorship, rendering the investments virtually worthless.