Every stock broker fraud lawyer at our firm is far too familiar with cases of stock broker fraud and misconduct that often take place in a volatile market. We really grew to despise the way broker-dealers and many financial advisors treated and still treat their customers. In fact, we got so sick of defending bad guys that we, in essence, fired our broker-dealer clients and built something we could feel good about. suffered losses in Kiromic BioPharma stock wanted to fight for causes and people we could believe in, and now we do, every day.
It can be difficult to know for sure if you’re the victim of investment securities fraud, but there are several common signs to look out for. These acts regulate investment firms and advisors to minimize conflicts of interest that may arise and provide a level of transparency for investors. The Securities Exchange Act of 1934 created the Securities and Exchange Commission –an organization that oversees, registers, and regulates brokerage firms, transfer agents, clearing agencies, and the nation’s securities self-regulatory organizations . The verdict and subsequent recovered amounted to 80% of the investor’s net losses. If you have been the victim of fraud or negligence, it is imperative that you seek guidance from an investment fraud attorney who can review the specific circumstances of your individual case. But under the suitability rule, as long as the investment is suitable, the firm might have an undisclosed conflict of interest, and that’s simply wrong.
Securities & Investment Fraud Attorneys
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What is Financial Industry Regulatory Authority FINRA?
Better yet, consult with an attorney who can advise you of your tax obligations. Additional practice areas include probate, wills and trust, estate and trust litigation, tax/corporate, appellate, family/divorce, commercial litigation, real estate, zoning, and construction litigation among our various practice areas. Arbitrators are generally three neutral individuals who serve as the judge and jury for your case. Some have more arbitration experience than others; however, in order to become an arbitrator, one must apply and receive training. It is known that UBS operated over a dozen closed-end bond funds which were hit by the downturn in Puerto Rico bonds. For example, one closed-end UBS fund, the Tax-Free Puerto Rico Fund Inc. had a net asset value of $5.52 on Sept. 11, 2014 down from $6.73 the week before and $9.55 on January 31, 2014.
At Colling Gilbert Wright & Carter, we have significant experience assessing these situations and determining what would be the best step to take next. Unlike a bank, when your portfolio’s value decreases, the brokerage firm sells off your assets to offset drops in value. By doing so, you lose any potential increases in value in the other assets in your portfolio.
It can be difficult to recover assets lost to fraud or other scenarios in which an investor has experienced a problem with an investment. The truth is that every investment has risk, from government bonds to speculative high-tech stocks. Investors are always on the lookout for investment opportunities that will increase their returns while minimizing risk.