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.
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.
National Securities Arbitration and Regulatory Attorneys
However, investment frauds will often trumpet the safety of their investment opportunities. They will often make promises of significant profits without underlying risk. Be wary of anyone who offers an investment that promises great returns with minimal risk. As you can imagine, powerful brokerage houses that have committed fraud and other unethical practices will not simply confess their misdeeds and make things right. They need to be pursued relentlessly through appropriate legal channels, which can include litigation, arbitration and mediation. If you’ve purchased variable annuities without being told the full story of how they work and what they cost, you may have a valid arbitration claim.
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.
Lost Money ToInvestment Fraud
Some brokers are able to get away with engaging in misconduct because of the fact that they can hide the smaller losses as being a risk you took when you started investing. Sadly, sometimes it isn’t until an investor endures losses amounting to thousands, tens of thousands, or even hundreds of thousands of dollars that they discover such fraud. An experienced attorney will keep your case on track, so you do not miss any chance to make a full recovery. For example, many people in Florida use banks to manage their trusts. However, in most case, you only have six months to file a lawsuit against a bank for mismanaging your trust. If you have an inexperienced lawyer on your side, they could take the right first steps, only to have the bank delay the case until it is too late.
Because Every Client is Important Contact the Law Office of Russell Forkey Many people who suffer a serious stock loss take time to mull over their options before taking action. This is caused by such things as feelings of despair, or embarrassment. If Coinbase class action lawsuit make this mistake, inactivity could adversely affect your claim in ways that the average investor would not realize, with the worst being that the statute of limitations could run out and you may lose your chance to file a successful claim. Another big mistake made by investors is making a verbal or written complaint to the firm or the account executive. Many times these complaints come back to haunt the investor for a number of reasons, including the fact that the investor does not fully understand the issues involved in the dispute.
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.