Investment funds can offer diversification, professional management and a wide variety of investment strategies and styles. Click here if you want to know how retirees are targets for unethical money managers. Here is some information about annuities, a prime investment product sold by stockbrokers in recent years partly because of the large commissions the sales generate. Investor lawyers are evaluating potential compensation claims on behalf of LOTZ shareholders. The longer you delay taking matters to court after an investment loss, the more time your broker can come up with his/her defense.
The following clients have direct knowledge of our firm’s processes from the inside and experienced our fierce advocacy. After years of litigation and removal from state to Federal court, the lawsuit was finally resolved through mediation in 2017. The investors were awarded more than $4.3 million to the receivership for the benefit of the investors.
When you have been wronged by a stockbroker or your brokerage firm, you will need to pursue arbitration through the Financial Industry Regulation Authority . This way, you will be able to maximize the amount that you are able to recover from the fraudulent stockbroker in question as per the FINRA obligations that brokers must uphold. There are many other ways that a stockbroker could have defrauded you. If you’ve been a victim of unregistered trading, failure to execute trades, or some other type of broker misconduct, you may be able to secure repayment of your losses. Contact a qualified attorney for more information about how to proceed with your FINRA complaint.
What Are Common Types of Investment Fraud?
For their part, the professionals are obligated to be diligent and act in good faith for you, using their superior knowledge and expertise in that particular field. When they violate your trust by taking advantage of you somehow, in a way that you might not immediately recognize, they can be held legally liable for any losses you sustain. This is essential if you want to follow the advice “Invest for the long-term and don’t panic over each little blip.” You can relax about blips in one part of the market if you have some of your money building in other parts that are progressing steadily. Churning usually happens when you’ve given your broker discretion to trade your account.
Again, anyone in such a compromised position will do everything possible to avoid and evade legal repercussions. As such, it’s best that you hire a stock market lawyer to help you from the very beginning. Not only will this help you raise your chances of winning; you can also increase your odds of getting the fair compensation you deserve.
Another common and particularly deceptive form of financial advisor misconduct is the concealing of charges related to the bond or bond fund. Because the prevailing market prices of many bonds are not available to investors, financial advisors sometimes exploit consumers by engaging in the practice of markups and markdowns. The markup is the difference between the actual cost of a bond and the fee at which it is sold to the investor; the markdown is the hidden fee subtracted from the initial purchase cost. Brokers have a duty to provide investment advice and recommendations that are in the best interest of their customers.
For us, helping victimized investors is about more than money
These practices place your investment at a significantly increased risk over securities offered by the brokerage firm. This is because investors take a risk in every investment opportunity they pursue, and simply losing out on your investment isn’t necessarily grounds for FINRA arbitration or mediation. Below, we discuss the most common types of brokerage misconduct so that you will have a better idea as to the validity of your potential claim.
The aftermath can be financially devastating and emotionally traumatizing. Below, you will find resources related to investment and stockbroker fraud to help you learn more while you continue to consider your options. When your livelihood is on the line, experience can be one of the most vital attributes in an investment fraud attorney. Robert Pearce has the experience you will surely need to navigate the complexities of an investment fraud case.
FINRA arbitration is a fair, efficient, and effective way to resolve disputes among investors, brokerage firms, and individual brokers. It is a formal alternative to litigation that is often a faster and less expensive way to resolve issues and recover damages. That said, arbitration is a complex process that should be navigated with the assistance of an experienced securities lawyer. There are avaulta vaginal mesh complications of stockbroker fraud that can range from lying to misrepresenting investmentproducts. We offer a free service to review investors’ portfolios and financial advisors for all investment fraud issues.
Commodities include metals, oil, grains, animal products, financial instruments, and currencies. With limited exceptions, brokers must execute trading in futures contracts on the floor of a commodity exchange. Insurance companies have also created hybrid products, called indexed annuities. These products allow investors to participate in some upside of the market while having some protection. Annuities can be very complicated and potentially costly investments for investors, and they can also provide some tax benefits. Investment FundsInvestment funds — mutual funds, closed-end funds, exchange-traded funds—pool money from many investors and invest it according to a specific strategy.