Did You Know?
According to the Federal Trade Commission, Americans lose more than a billion dollars each year to fraudulent investments
Investment and trading is carefully regulated by rules and laws for the protection of public investors by the Securities Exchange Act of 1934. The violation of these rules, particularly through various deceptive actions and schemes to cheat or take advantage of investors is known as securities fraud.
If you think that you may have been defrauded you should take action to protect yourself as soon as possible. First of all, you should go over your account statements and all documents from the brokerage firm to review the trading in the account. In the meantime you should halt all trading by the broker in the account until the concern is resolved.
How do I Know if I Have Been Defrauded?
Often investors will not know if they have been defrauded until they consult with a professional. If the Investor has been relying upon the expertise of the broker, he or she may not be in a position to independently evaluate what has occurred in the account. However, a qualified attorney may detect the securities fraud upon a review of the account statements.
We have developed this website as a resource for to help the public to understand their legal rights in regards to securities fraud . Our FREE Lawyer Referral Service will get you in touch with an experienced Securities Fraud lawyer in your area who can help you recover your losses from the responsible parties.
Securities Fraud Facts
Securities Fraud - Last year the Securities and Exchange Commission, other securities regulators and major U.S. securities firms reached a $1.5 billion global settlement involving the issue
Mutual Funds - Mutual Funds are a $7 trillion dollar industry
Mutual Funds - Out of 122 mutual fund companies and brokerages surveyed by the SEC, 25% allowed certain investors to engage in late-day trading
Mutual Funds - Out of 122 mutual fund companies and brokerages surveyed by the SEC, 50% allowed certain investors to engage in market timing
Bank Fraud - Bank Fraud has been added to the list of crimes that comprise prohibited activities under the Racketeer Influenced and Corrupt Organizations Act
Signs of Securities Fraud
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Transactions appear on your statement that you do not recognize or did not authorize
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Your Broker advises you to invest in investments that are just not right for you
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Excessive Trades and/or commissions on your statement
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Clear misrepresentation by your broker
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High Pressure sales tactics by your broker
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Frequent but/sell recommendations by your broker
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Losses of principal in a supposedly safe/conservative account
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The inability for you to liquidate an investment
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Surprise margin calls by your broker
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Unsatisfactory explanations from your broker on his investment choices
Examples of Securities Fraud:
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Broker provides false information on a company financial statement
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Broker provides false information on Securities and Exchange Commission (SEC) filings
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Broker lies to the company auditors
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Broker engages in Insider trading
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Broker engages in stock manipulation schemes
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Broker embezzles funds
Many investors who have been defrauded do not know what happened to their investments until it is too late. But even after the losses have occurred, the law provides a recourse for investors to recover their losses, which were caused by a stockbroker's misrepresentations or abuse of the account. If you believe that you may have been a victim of securities fraud, you have certain rights, which you should be aware of rights, which may provide you an opportunity to recover your losses from your stockbroker or brokerage firm.
CONTACT A SECURITIES FRAUD ATTORNEY
A broker who fails to recommend a properly diversified account can also be liable for some or all of your losses. If you believe you have been victimized by stockbroker fraud or mismanagement, you should inquire about your legal rights. If you are in need of legal advice or services, or simply wish to speak to an attorney who has successfully handled Securities Fraud litigation in your state, you may use this Free Online Consultation Form.
There is NO COST or obligation for this service.
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