There are many offenses that fall under the umbrella of “broker fraud”. If someone in the securities industry commits an act of greed, negligence, or otherwise does something incompetent that costs you money you may be able to hold them accountable. This includes unauthorized transactions, churning (excessive trading to make commissions), and other types of improper investments.
What can investors do to recoup losses from unscrupulous stockbrokers and financial planners? The system allows investors to seek restitution after suffering unjust financial losses. The process of doing so is not easy; in fact it is very complicated. This is one of many reasons you should hire a seasoned arbitration legal team like Place & Hanley that knows how to advocate justice on behalf of their clients.
The securities industry is policed by FINRA and they have regulators who oversee the conduct of brokers. They give suspensions, give fines, and otherwise keep an eye of things. Compliant brokerage firms require investors to first sign a binding arbitration clause, which means any dispute will be handled in arbitration instead of the regular court of law.
The arbitration process involves lawyers and the arbitrators themselves. In this situation you need a competent attorney who has been through the securities arbitration process before. The attorneys at Place and Hanley have gone through thousands of cases just like yours. These include churning, unauthorized and misrepresented transactions, unsuitable investments, transfer failures, botched execution, unregistered securities (and brokers!), bribery, shoddy research, and other acts of misconduct. There is no aspect of securities we haven’t worked with. The cases we have represented have included bonds (including “junk” ones), stocks, “penny” stocks, commodities, options, REIT’s, mutual funds, limited partnerships, auction-rate securities, collateralized debt obligations, derivative securities, and many other types of investments.
Place & Hanley is proud to have recovered damages on behalf of our clients, sometimes even getting them punitive damages and having our lawyer fees reimbursed. Summaries of securities and stockbroker fraud cases like these that we have worked on can be seen on our website. All of these successful cases can be attributed to the way we approach every case individually. We work hard and concentrate on using our securities industry knowledge to best represent every client.
You will never know if your case has the potential to yield the same kind of rewards unless you are advised by an attorney well-versed in securities. Our attorneys are focused on assisting investors who have been made victims of their stockbroker’s misconduct. If you have lost money because of such misconduct or fraud, call us today for a free consultation at (866) 318-4725.