Back in the 1990s, Mr. Dennin represented investors across the country against the notorious boiler room, Stratton Oakmont, and its principals, including Jordan Belfort. Mr. Dennin tried five separate cases against Stratton Oakmont and its principals, and never lost a case. The awards against Stratton Oakmont, made infamous through the Hollywood movie “The Wolf of Wall Street,” recouped substantial seven figures for Mr. Dennin’s clients, including, punitive damages, attorney fees and costs. If you give written permission for him or her to make trades for you without necessarily speaking with you each separate time, then that trading should be based on the overall conditions that you give when you open the account. If Coinbase Stock Loss Lawyer ’re not, the broker can be held liable for breach of fiduciary duty. If you claim churning in a court of law, it will be examined in light of your customer information about income, tax needs, and risk tolerance.
A common form of stock manipulation involves a brokerage pouring its own money into a stock, inflating the price through increasing demand by misrepresentations and omissions, and high-pressure sales, leaving investors holding the bag. Some jurisdictions require that clients be ultimately responsible for case expenses. To learn more about our contingency fee representation for investment fraud victims, contact our firm. Our securities FINRA arbitration attorneys work on cases involving stock broker fraud and investment misconduct dealing with millions in investment losses. When an advisor or broker takes advantage of you and your investments, you are entitled to compensation.
Why do so few investors file claims to recover investment loss?
If you lost money on such an offering, you may have a claim against the company, its officers and directors, and the underwriting firms. Arbitration is generally quicker and less formal than a courtroom trial. An investor fraud case is usually resolved by a panel of three arbitrators appointed by FINRA, instead of a judge.
Contact an Investment Fraud Lawyer Today fora Free Consultation
If you are a victim of investment fraud, it is time to consider hiring an experience investment fraud lawyer. This type of deceptive conduct is illegal and a violation of Section 10 of the Securities Exchange Act of 1934. Victims in these cases have the right to recover their investment losses they suffered as a result of the fraud. Frank LLP’s attorneys built their practice on securities fraud cases. When you hire our firm you can rely on us to aggressively pursue every legal option available, including litigation in search of the best possible outcome for your case. Regardless of whether the broker-dealer approves the security or not, it assumes the responsibility for transaction oversight as if it was executed on behalf of the firm.
This often happens when brokers chase the high commissions offered by risky investments. Over-concentrating happens when a broker puts a large portion of investment funds into only one investment. It exposes you to unnecessary risks and serious losses if the investment goes bad. Our team of attorneys have decades of relevant experience successfully resolving these types of cases. However, there are certain time restrictions that the defense may use to infringe on your case. Your attorney will be aware of these statutes of limitations and will do everything possible to keep the culpable party from taking advantage of you in your attempt to secure your investment losses.
Warning Signs of Stockbroker Fraud
With the support of a 700+ attorney firm and the resources necessary to take on the most complex investment and securities cases, theBusiness Trial Groupis dedicated to achieving the best possible result in your case. Many investors, for example, are not made aware that variable annuities have long holding periods that may commit their money long-term and are very expensive. While any gains in variable annuities are tax-deferred, variable annuities are also subject to the market and come with high surrender charges for early withdrawal as well as other penalties. If you “buy on margin,” you’re purchasing stock by borrowing from a broker. The plus side to using a loan from your broker to buy stock is that you can buy more than you’d typically be able to. The downside is that you will accrue interest on your marginable securities, and it will continue to accrue unless you decide to make payments.