Securities Fraud Attorneys Work to Recover Investors' Losses
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Has a stockbroker or financial advisor misled you, recommending a product or investment that proved to be unsafe or not suitable for you? A skilled securities fraud attorney understands these often complex issues, and will work to recover your losses.
Investors hope to turn their investments into large profits so that they can enjoy a secure retirement, put their children through college or simply live comfortably. Unfortunately, not all stockbrokers and/or advisors are trustworthy, leaving investors in a financial mess. If you are considering legal action, be sure to consult with a securities fraud lawyer who is skilled, experienced and knowledgeable, focusing primarily on securities/commodities fraud. In choosing legal counsel who is particularly adept in this area, you can expect a more favorable outcome.
There are various methods that stockbrokers and financial advisors mislead investors, which can eventually lead to arbitration or litigation. Some of these include:
- Fraudulent stock research;
- Churning;
- Unauthorized trades;
- Excessive use of margin;
- Risk profile change;
- Switching mutual fund;
- Negligent retirement or employee stock option advice;
- Unsuitable annuities for seniors.
It's absolutely not to say there are no brokers and financial advisors who are trustworthy and work to grow your investment, because there absolutely are. However, there are many who engage in deceptive practices. Unauthorized trades are particularly common, and require the expertise of an aggressive securities fraud attorney when an investor suspects unauthorized activity on the part of their broker. Many investors are actually not aware that their broker/advisor must obtain explicit authorization from them immediately before making a transaction in a typical brokerage account. Whether you are simply suspicious, or have proof that your stockbroker has engaged in transactions without your authorization, it is imperative that you work with a capable securities fraud lawyer who will investigate and analyze the situation in order to determine if unauthorized trading has (or is) occurring.
When a stockbroker offers advice that is not in the best interest of your particular situation or is unsuitable, it can lead to monetary loss. While it could be an "honest mistake," it could also be an unscrupulous broker who is in effect "scamming" the system. If you have invested in security products and know or feel that something just isn't right, it is to your benefit to discuss the matter with a professional who can shed light on the situation, and pursue legal action if necessary. Call a trusted securities fraud attorney to protect your own rights, and hold those who have defrauded you accountable.
ABOUT THE AUTHOR: Joel McLaughlin
Learn more about the consumer fraud defense attorney Diane Nygaard by visiting her website.
Copyright Diane A. Nygaard, PA
More information about Diane A. Nygaard, PA
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
There are various methods that stockbrokers and financial advisors mislead investors, which can eventually lead to arbitration or litigation. Some of these include:
- Fraudulent stock research;
- Churning;
- Unauthorized trades;
- Excessive use of margin;
- Risk profile change;
- Switching mutual fund;
- Negligent retirement or employee stock option advice;
- Unsuitable annuities for seniors.
It's absolutely not to say there are no brokers and financial advisors who are trustworthy and work to grow your investment, because there absolutely are. However, there are many who engage in deceptive practices. Unauthorized trades are particularly common, and require the expertise of an aggressive securities fraud attorney when an investor suspects unauthorized activity on the part of their broker. Many investors are actually not aware that their broker/advisor must obtain explicit authorization from them immediately before making a transaction in a typical brokerage account. Whether you are simply suspicious, or have proof that your stockbroker has engaged in transactions without your authorization, it is imperative that you work with a capable securities fraud lawyer who will investigate and analyze the situation in order to determine if unauthorized trading has (or is) occurring.
When a stockbroker offers advice that is not in the best interest of your particular situation or is unsuitable, it can lead to monetary loss. While it could be an "honest mistake," it could also be an unscrupulous broker who is in effect "scamming" the system. If you have invested in security products and know or feel that something just isn't right, it is to your benefit to discuss the matter with a professional who can shed light on the situation, and pursue legal action if necessary. Call a trusted securities fraud attorney to protect your own rights, and hold those who have defrauded you accountable.
ABOUT THE AUTHOR: Joel McLaughlin
Learn more about the consumer fraud defense attorney Diane Nygaard by visiting her website.
Copyright Diane A. Nygaard, PA
More information about Diane A. Nygaard, PA
View all articles published by Diane A. Nygaard, PA
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
