Securities & Investment Fraud Attorneys

Perhaps you’ve been given a promise of guaranteed returns; this would be false, because as their name suggests, variable annuities give returns that vary with the stock market. All good brokers advise us to diversify so that when one part of the stock market is paying poorly or even losing money, the others will almost certainly pay better and perhaps very well. Each account has parameters based on the customer’s income, tax needs, and risk tolerance. When you open an account with a broker you give that information as the basis for trading activity. Coinbase class action lawsuit are the Morgan Keegan RMK Funds and the Schwab YieldPlus Funds. Both were touted and promised to investors as “safe and secure” investments; instead, they suffered unacceptable losses for such products.

Stock Loss Lawyer

We represent investors who have suffered losses in their savings or retirement funds because their brokerage firm or financial advisor committed fraud, acted negligently, or failed to act in their client’s best interest. Margin trading is a practice in which a financial advisor recommends an investor purchase stocks by borrowing money from a broker-dealer using securities that are already owned as collateral. Brokers sometimes recommend margin accounts as a way to generate commissions without an additional up-front investment from their customers, despite the fact that margin trading is a high-risk strategy that is not in the best interests of many investors. Investment firms have a legal obligation to ensure that their agents adhere to various federal guidelines and securities industry regulations. The Financial Industry Regulatory Authority , an agency overseen by the U.S. Securities and Exchange Commission , requires member investment firms to implement supervisory systems for registered representatives and their financial offerings.

When issues or disputes develop between investors and their broker and/or investment firm, figuring out what the options are and deciding which one is best for a particular situation can feel overwhelming and intimidating. Let our team of distinguished and well-regarded stockbroker fraud lawyers and staff work on your behalf to recover your retirement savings, your financial security. It has been the mission and focus of our law firm for over 30 years. We’ve helped thousands of investors in situations similar to yours and we can help you. Few firms have been around long enough and focused securities litigation. We live and breath FINRA rules and SEC or Securities Exchange Commission regulations.

Should You Pursue Stockbroker Arbitration or Mediation?

At the same time, you get the higher level and more personalized service, responsiveness, and flexibility of a smaller, more nimble investment fraud law firm. TheInvestment Fraud Lawyersis proud to offer our clients the best of both worlds. According to the Caribbean Business News, there have been a number of athletes, entertainers and business leaders who have experienced heavy losses in Puerto Rico bonds and related closed-end bond funds . When that professional is a stockbroker, breach of fiduciary duty can arise when the broker has discretionary authority for managing your account.

Warning Signs of Stockbroker Fraud

Life Insurance ProductsLife insurance products can also be investments. Life insurance products come in various forms, including term life, whole life and universal life policies. Variations on these—variable life insurance and variable universal life—are considered securities. Bank ProductsDeposits at banks and most credit unions are insured federally up to a limit set by Congress. Transaction accounts and deposit accounts offer liquidity, making it easy for you to access your funds for any reason. These include day-to-day expenses to a down payment or money for unexpected emergencies.

A FINRA arbitration claim is an alternative to bringing your case to court. This will expedite the amount of time that it takes to resolve your case and be far less expensive than if we were to pursue litigation. The arbitrator is essentially a mediator who will make a decision regarding the outcome of your case. FINRA arbitrators are well-versed in the rules and laws that govern stockbrokers’ conduct. This allows them to efficiently arrive at informed decisions in most cases. Maybe the broker is failing to accept responsibility for their conduct, or perhaps you’ll have a greater chance of securing full repayment of your losses if you go to arbitration.

To sell on the market, mortgage-backed securities must be issued by a government-sponsored enterprise or a private financial company. Our securities lawyers typically work on a contingency fee basis; if you recover nothing, you pay no legal fees. We work with Ponzi scheme investors to determine their legal options and go after financial industry entities and professional firms that assist in the perpetration of the fraud. Lubiner, Schmidt & Palumbo has over three decades of experience in representing customers in securities arbitrations and defending individual brokers and small, medium and large broker-dealers arbitrations.

This could be one or more individual trades or a series of trades that generate commissions without generating returns. After you have filed your statement of claim, which is your complaint against the stockbroker who wronged you, FINRA will review your case and set a hearing date. At your hearing, you will have the opportunity to describe your losses, present evidence, and have witnesses testify on your behalf. While the best evidence of ownership are the confirmation slips received when the stock was purchased, you may also use your brokerage statements of account indicating when you bought the stock and at what price. You should be sure to keep these records in a safe place since you may need to submit them to the claims administrator after the case has been resolved. Applications for Lead Plaintiff must be filed within the 60-day period following the first filing of a class action complaint in a federal securities fraud case.

The contact form sends information by non-encrypted email, which is not secure. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship. In a class action lawsuit, the court appoints the firm that will act as lead counsel in the case. The court recognizes our experience and appoints our firm with regularity in these types of cases.

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