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.
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.
How an Investment Fraud Lawyer Can Help You Recover Securities Losses
Ponzi Schemes Ponzi schemes commonly target those investors who are least able to withstand financial losses. We represent victims of Ponzi schemes and relentlessly pursue the perpetrators to help investors recover fraudulently taken funds. It was there that Scott learned the strategies brokerage firms employ to defend themselves against legitimate investor claims. We understand what you are going through, and we also know what we need to do to address the situation. The investment fraud attorney’s at Haselkorn & Thibaut pride themselves on the high level of accessibility, communication, and quality representation that each client deserves. This is why clients are satisfied and why other attorneys and professionals feel confident referring their clients.
A Stock Market Attorney Can Help with Recovering Your Loss
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.
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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.
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 many forms 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.
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.
Our securities and investment fraud lawyers are dedicated to helping victims recover financial losses caused by stockbroker fraud, broker misconduct, and unsuitable recommendations. If you believe that your stock market loss may be the result of stockbroker fraud or misconduct, contact a lawyer at Zamansky LLC today. Our stock broker fraud law firm offers free consultations and we have the experience and resources to help you recover your financial losses.
Berger Montague welcomes referrals from other law firms and attorneys. We are available to evaluate potential securities fraud cases without charge. We have personally worked for several years in the financial services industry. Coinbase class action lawsuit have experience on all sides and in virtually every type of matter in this area.