LITTLE ROCK, Ark. — A Maui woman has filed a lawsuit against an investment firm of billionaire R. Allen Stanford and the firm's financial representatives in Arkansas in the wake of a federal securities investigation.

Hannah Kay Peck of Kula filed the case in federal court, claiming fraud and negligence and seeking unspecified damages from the company's Little Rock offices and two financial advisers. Peck asked U.S. District Judge G. Thomas Eisele for a jury trial in the case.

Stanford, a Texas billionaire who sponsored high-stakes cricket matches, is accused of lying about the safety of investments he sold as certificates of deposit. The U.S. Securities and Exchange Commission accuses Stanford of promising unrealistically high rates of return on the investments.

Investigators put the worth of Stanford's questioned investments at $8 billion.

In the suit, filed Tuesday, Peck claims she invested with the Stanford Group Company after being promised "a significantly higher rate of return than rates available through CDs offered by traditional banks." The filing does not say how much Peck and her family trust invested with the company.

The company "materially misrepresented to Ms. Peck that the deposits were secure because they were properly insured and ... maintained in liquid financial instruments and invested in highly marketable securities issued by secure governments," the suit alleges.

A federal judge in Texas has placed Stanford's companies in receivership and frozen their assets. Stanford, who was served legal papers by FBI agents last week and ordered to surrender his passport, has not been charged with a crime.

Peck, 63, did not return a call for comment left at a telephone number in her name in Cincinnati. Ashlea Brown, a Little Rock lawyer representing Peck, did not return a call for comment Thursday.