Investors have a right to the truth.
Both novice and highly sophisticated investors have a right to rely upon the investment advice of their stockbroker or investment professional and to believe that investment advice rendered by these professionals is not the product of negligence nor is tainted by financial self-interest. The federal securities laws require the full and fair disclosure of all material facts in connection with the sale of securities.
Here are some the fraud cases we cover:
Boiler Room Sales
If it is too good to be true, it probably is. Victims of cold calls, aggressive sales tactics, unauthorized trading, use of margin.often should contact us for a free, non obligation. confidential consultation to determine their legal rights.
Breach of Fiduciary Duty
When a stockbroker does not act in a customer’s best interests, is conflicted, engages in self-dealing, lacks candor or honest, or does not exercise due care, that broker has breached their fiduciary duties.
Churning or excessive trading is trading solely to generate commissions or fees at the investor’s expense. If you have suffered losses as the result of excessive trading or churning, contact our office for a free, confidential evaluation of your claim.
Conflict of Interest
Stockbroker and financial advisors are required to make recommendations that further the investors interest and not solely their financial interest. Learn how e can help if you were the victim of defective investment advice or recommendations tainted by a conflict of interest.
Older investors are frequently the subject of financial abuse and other forms of misconduct, often discovered after it is too late. If you or a loved one has been the victim of elder financial abuse, contact us for a free evaluation of your claims. All inquiries kept confidential.
Victims of stockbroker embezzlement or misappropriation may be able to recover their damages in FINRA securities arbitration claims against their brokerage firm. Representation offered on a contingent fee basis. Contact us for a free evaluation of your claims.
Excessive trading includes transactions effected solely for the purpose of generating commissions or fees for the stockbroker at the investor’s expense. Excessive trading can also include the buying and selling of fixed income securities, Unit Investment Trusts, mutual funds or annuities.
Failure to Conduct Due Diligence
Stockbroker and financial advisors are required to have a reasonable basis to recommend a security based upon due diligence and the investigation of risk. Investors suffering damages as the result of the failure to conduct due diligence, may be able to recover their losses.
Failure to Disclose Risk
A half truth is a whole lie. Stockbrokers have the duty learn and disclose known investment risks in connection with any recommendation made to investors. If you have suffered damages as the result of the failure to disclose risk, we may be able to recover your investment losses.
Failure to Diversify
Diversity and the proper allocation of assets protects against risk. For a variety of reasons, stockbrokers and investment professionals do not properly diversify their customer accounts among issuers, or economic sectors, or among stocks or bonds. The results can be catastrophic. Injured investors may be able to recover their losses due to the failure to diversify.
Failure to Execute
Stockbroker and financial advisors make mistakes. Brokerage firms make mistakes. Investors suffering losses or damages as the result of the failure to execute the sale or purchase of any security, may be able to recover their losses.
Failure to Supervise
Brokerage firms have an absolute duty to supervise the conduct and activities of their registered representatives irrespective of the nature of their association or purported independence. If you have been the victim of the failure to supervise, contact us for a free consultation.
Failure to Warn
Securities brokerage firms keep secrets to insulate themselves from civil and regulatory liability. By the time the truth is exposed, often more investors are harmed. Securities brokerage firms have a duty to be honest with regulators and to warn their customers when they learn of misconduct by their former agents, otherwise they can be held responsible for damages.
False Statements and Omissions
Not all statements are knowingly false when made. The reckless disregard of the truth, which includes the omissions of important facts, which are known, or should be known, is actionable, and investors suffering losses as a result, may be able to recover their damages.
The Investment risk of trading on margin or in options is sometimes not adequately disclosed. Sometimes brokerage firms have a duty to protect you against yourself. If you have been the victim or financial suicide, contact us to determine your legal rights and obligations.
Misappropriation of Funds
Monies or cash, investor funds obtained for one expressed purpose, but used for another purpose, have been misappropriated. Misappropriation can include the misdirection of funds to entities related or promoted by the stockbroker, and often include conversion or theft of funds.
Negligent Retirement Planning
Can your investments last a lifetime? Are you the victim of bad retirement planning, including the prospect of early retirement, stock option programs, false promises, or phony guaranteed distributions, resulting in damages, contact us for a free evaluation of your claim.
The over-concentration of investor portfolios in the securities of one issuer, one economic sector or sub-sector, such as technology, energy or real estate, can have disastrous effects. Investors suffering losses as the result of over-concentration, should contact us for a free evaluation of their claim.
Retail Bank Referrals
Traditional banks do not want to be in the banking business. They want to sell you securities, and high commission products, and captive mutual funds to pass the investment risk to their customers. If you are the victim of a referral to a stockbroker by your retail bank, and have been damaged, you should contact us for an evaluation of your claims.
Selling away is the sale of unapproved investment products by stockbrokers. These investments can include entities controlled or promoted by the broker, and other schemes. Brokerage firms have a duty to supervise and are responsible for the acts of their agent registered representatives. Victims mat be entitled to compensation.
Has your stockbroker violated securities industry rules or the standard of care in connection with bad recommendations or the mishandling of your investment accounts? Contact us for a free, no obligation evaluation of your stockbroker negligence claim.
Brokerage firms and securities broker-dealers have a duty to supervise and protect investor accounts from theft, not only by third parties, but also by their registered representatives. Investors suffering harm as a result of stockbroker theft, should contact us for an evaluation of their claim.
Effecting transactions in a non-discretionary account, without the prior approval of the customer or investor is a violation of the rules, and is a wrongful practice that can result in damages. Victims of unauthorized trading may be able to recover their damages. Contact us for a free evaluation of your claim.
Stockbrokers are required to have a reasonable basis to recommend investments that are suitable based upon the investor’s financial needs and objectives. Investors with losses as the result of the recommendation of unsuitable investments, may be able to recover their damages.
Wrongful Investment Referral
Stockbrokers and investment professionals have a duty to investigate money managers, hedge funds, and other outside investment referrals, where there may be a conflict of interest, and which sometimes turn out to be Ponzi schemes. If you have been the victim of a wrongful investment referral, contact us for an evaluation of your claims.