If you answered yes to any of these questions, you may be a victim of stockbroker fraud.
"Investment advisors must adhere to Federal Securities Law, State Securities Law, NYSE rules, FINRA rules, and common law as established by court precedent."
Have you been swindled, misled, or simply given poor investing advice?
Worried that your stockbroker does not invest for your best interests? Maybe your broker failed to fully disclose the risks or disclose all fees.Learn More
Has your financial services firm acted carelessly or in bad faith? Or has your broker failed to invest consistent with your objectives and personal profile including age, health, sophistication, and net worth?
Brokers have a fiduciary duty to act in their clients’ best interest. But they also owe allegiance to the financial services firm they work for. This can lead to investment suggestions that benefit the firm over your portfolio.
Broker frauds include unauthorized trading, price manipulation, churning, Ponzi schemes, theft, forgery . Also an over concentration, failure to diversify, follow modern portfolio theory (MPT), misrepresente or failure to disclose risk.
Failure by broker to place the order or trade you agreeded.
Taking advantage of advance knowledge on pending orders from other investors or to act on information from his/her analysts before his clients are given the information.
Securities or assets that are not easily sold or exchanged for cash without a loss in value.
High possibility for loss not appropriate for the objectives and client risk tolerance.
Extending loans for margin that put the portfolio at risk.
While explaining a financial product during the sales process, your broker lies about the product so as to conceal the risks of the investment or the nature of the investment.
Investment unsuitable based on client’s income, net worth, objectives, and risk tolerance.
Your broker’s manager has failed to act dutifully to supervise his/her employees.
It is often hard to tell whether it’s the volatility of the markets or manipulation on your broker’s part that causes your financial loss. The question is, do you have a credible claim to recover your investments? That’s why we offer a free consultation.
We Help You Recover Your Losses with Arbitration or Trial Securities Arbitration
Arbitration is an alternative to litigation and is often required. That’s because most brokerages have their clients sign agreements to the effect that arbitration is the first remedy.
Securities arbitration is facilitated by the Financial Industry Regulatory Authority (FINRA), a not-for-profit authorized by Congress to protect investors. Arbitration can take from a year to 15 months from the time the claim is filed until a decision is made.
It is crucial for you to provide the right documents to support your claim. Your first chance to explain the events leading to the dispute is with the Statement of Claim. It is here that we give you a clear edge in the process.
Financial Industry Regulatory Authority recommends you hire an attorney because of the complexity of the cases and the fact that brokerages will have representation. It’s important to properly file the claim to initiate arbitration with the relevant facts and remedies requested. And documents must be exchanged during the discovery process that clearly articulate your case.
The arbitration panel’s decision, or “award,” is final and binding on all parties. That’s why it’s so important for you to call us as soon as you suspect any mishandling of your investments. We must file in a timely fashion and there is a six year statute of limitations with some tolling periods. The goal is to present your case so that the panel decides in your favor.
Because most firms have their clients sign agreements requiring arbitration, proving our case at trial usually happens with cases subject to FINRA arbitration.
So not only are we experienced with arbitration, but we have brought our clients’ cases to trial before the New York State Supreme Court.
We can also decide later to initiate a Mediation rather than Arbitration. In either case, we are with you every step of the way in an often complicated and cumbersome process.
Recover whats yours
If your broker has lost you money in the stock market through negligence or fraudulent investments, call us for a consultation.
We represent investors in securities fraud suits in Oneida, Herkimer, Madison, Jefferson, Onondaga, and Lewis Counties and throughout New York State. We can help you recover what is rightfully yours. Contact us here or call at
Advocates for You in Family Law, Probate, Real Estate, DWI, Construction Law, Criminal Defense, and Stock Fraud
2615 Genesee St.
City of Utica
NY 13501, United States.
Our Lawyers and Paralegals are experts in handling cases in Oneida, Herkimer, Madison, Onondaga and Lewis Counties. We are Utica's Top Lawyers and Attorneys.
We’ll provide you the inside legal track to get you answers to problems and immediate control over your situation. The goal is a swift, decisive, and favorable outcome. Schedule a Consult Now.