Oftentimes this trust can be abused through misconduct, deceit, misrepresentation, or negligence, resulting in financial losses and strain. If you lost money on an investment because of false or misleading information, you may have a case for securities fraud. Frank LLP’s attorneys help investors around the world to recover their losses through class action lawsuits, as well as individual lawsuits on behalf of large investors such as pension funds.
There’s the Security Act of 1993 and Securities Exchange Act of 1934. But just as there are many reasons for losses outside of your broker’s control, there are also reasons that they occurred due to your broker or advisor. If your loss occurred not because of the market itself but because the person you trusted to look after your investments didn’t, then you have every right to take matters to court.
Schedule a consultation and gather as much information as possible from the person you meet. You should also ask around for referrals from people you trust, such as friends or family. Taking these cases to trial on behalf of an individual investor may be cost prohibitive. However, pooling all the individual investors’ cases into one large lawsuit, called a class action, so that the losses can be recovered on behalf of all injured investors, justifies the costs. Our attorneys have an extensive understanding of the securities laws and FINRA policies. We also benefit from our practical experience in and around the securities industry.
They fail to report outside business activities and offer unsecured investments to their customers. Your broker seems to earn large commissions, even when you lost money. Achieving a negotiated settlement through mediation avoids the additional costs of arbitration. With simplified suffered losses in Kiromic BioPharma stock compared to litigation, the costs of pursuing a claim in arbitration can be significantly less than the costs of taking a case to trial.
Taking Action Against Stock Market Losses with a Stock Broker Fraud Lawyer
I have had the pleasure of working with Robert for over five years now, and every interaction with him reminds me that he is smart, quick, responsive and a consummate professional. He possesses an impressive memory and excellent attention to detail, and his thoroughness is a virtue that my colleagues and I have learned to appreciate greatly in every case of his that we assist with. As a final positive reflection of Robert, his staff is highly skilled and always welcoming. I would most certainly recommend his services to family and friends without hesitation. “For the best fighting chance, Robert Pearce is the lawyer you want in your corner.”
If the parties cannot agree, then they can terminate their efforts and move forward with arbitration. In mediation, the parties have the flexibility to develop a mutually agreeable resolution. The mediator’s role is to help the parties explore their options rather than issuing an award in favor of one party or the other.
Examples of Our Securities Litigation
You cannot improve the amount of any recovery by retaining more than one law firm. The best way to find a good investment fraud attorney is to interview multiple lawyers and find the one that has the most experience in securities investment fraud and meets your personal expectations. If you suspect fraud, an investment fraud attorney can help you plan your next steps.
Excessive Use of Margin – Buying on margin occurs when your broker and brokerage firm encourage you to take out loans from the brokerage firm. You can typically use this money to invest in other securities, but when your loan remains outstanding and you continue to invest, your broker will make more money. If your broker fails to explain the risk you’ve taken, excessive use of margin applies and your broker can be held accountable.