Securities Fraud Attorney

Securities Fraud Attorneys in Naples and Rochester

The Pearl Law Firm provides securities fraud legal advice to the public concerning most aspects of the financial services industry. The firm’s investment and securities fraud attorneys have a comprehensive and unique understanding of the laws that apply to the securities industries. They provide experienced legal counsel to investors in disputes between investors and broker dealers, registered representatives and associated persons in securities arbitration and litigation against financial firms. Our clients range from retirees on a fixed income to high net worth individuals in claims against brokerage firms, investment advisors, and other financial companies.

The Firm has secured substantial customer arbitration settlements and awards against Wall Street firms, including Morgan Stanley, Merrill Lynch, Raymond James, RBC, and others.

Our securities fraud attorneys have also successfully represented PONZI scheme victims on many occasions, including the largest single group of investors defrauded by former boy band impresario Lou Pearlman in what was, at the time, the largest Ponzi scheme in the State of Florida, involving losses of over $300 million. In that case, the Firm was able to secure a significant return for those who had lost their life savings investing in Pearlman’s elaborate and illegal scheme.

Naples Securities Fraud Lawyer

The Firm has nearly a century of combined experience handling large and complex securities fraud cases and has recovered tens of millions of dollars for investors over the years. If you would like to speak with a securities fraud attorney, you can click here to contact us and setup a free consultation. You have no obligations and we truly want to help point you in the right direction.

Investors Rights Attorneys and Lawyers

Perhaps the biggest hurdle facing investors who have been victimized by members of the financial services industry is understanding that they have the right to recover in the first place. Stockbroker fraud will often cause stock market losses in your investment portfolio. Do you know your investor rights? Many people who have lost money through improper investments feel embarrassed and partially if not totally at fault despite the fact that they trusted their financial advisors to render proper expert advice. They fail to recognize that the fault may lie with the financial advisor or the institution employing the advisor.

Investment advisors, stockbrokers, and brokerage firms are regulated by rules and laws that exist to protect public investors. These rules and laws provide an avenue for investors to recover losses caused by a stockbroker’s wrongdoing. When you pay a stockbroker to manage your assets or otherwise provide investment advice, he or she, in turn, must ensure that the advice is appropriate for your particular circumstances.

For example, if you are a person nearing retirement with a low-risk tolerance, your portfolio should be diverse and have a healthy percentage of its assets in bonds/income investments and, a much lower portion of its assets in equities, that is, stocks. If your stockbroker failed to recommend or purchase suitable investments for your portfolio, and your portfolio lost money, then you would have the right to recover those losses from your stockbroker and brokerage firm, irrespective of market conditions. That is, if the stock market is going down and so is your portfolio, you can recover if you should not have been invested that way in the first place.

The Financial Industry Regulatory Authority (FINRA) has established a procedure for the resolution of investors’ disputes through FINRA sponsored arbitration. Accordingly, investors are required by brokerage firms to sign an arbitration clause in order to open an account. This arbitration process provides investors the opportunity to present their claims before a mutually selected panel of arbitrators whose decision will, absent extraordinary circumstances, be binding on the parties.

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Congress has also enacted laws to both protect investors from fraud and provide investors legal rights against brokers and broker dealers. Among those are the Securities Act of 1933, the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

Therefore, if you believe you may have been the victim of an unscrupulous broker, you should consult with our investor attorneys with experience in securities fraud and FINRA arbitration as soon as possible to learn about your specific rights. We do not charge any legal fee to determine whether or not you have a claim. If you do have a claim, typically our firm handles such matters on a contingency basis, meaning that there will be no legal fees charged unless there is a recovery achieved in the case.

Types of Securities and Investment Fraud with which our Securities and Stock Market Loss Attorneys Can Help

Brokerage firms and their stockbrokers are not allowed to recommend or solicit a security or product unless the broker determines that the security is consistent with your investment objectives, needs, and risk tolerance. Both FINRA and federal securities laws recognize this obligation of stockbrokers.

Stockbrokers will often sell unsuitable securities, which can result in stock market losses because they personally benefit from the transactions. In the case of REITs and Variable Annuities, discussed below, the stockbroker may receive instantaneous and high commissions he or she could not otherwise achieve from selling the customer suitable securities.

If you believe your broker sold you unsuitable securities, our investment loss and securities fraud attorneys may be able to help you recover.

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