Investment Fraud Attorneys
Financial advisors encourage investors to believe in them, building relationships with investors and relying on a foundation of trust and confidence to conduct business. Sadly, there will always be brokers who abuse this trust and use the broker-investor relationship to their own ends. Brokers and brokerage firms often claim they act in the best interests of their investors when, in reality, they may convince investors to purchase investments and securities with incomplete, deficient or misleading information or investments that unsuitable, which is to say are not appropriate for their clients.
When broker misconduct or deceit results in investor financial losses, victims need a team of high-quality attorneys they can rely on for representation. There aren’t many such law firms available, however. In the U.S., there are only about 300 law firms who tackle this kind of work, and of those, very few do it full-time. Erez Law has the depth, resources and personnel that other firms – both large and small – don’t possess. Our firm has the manpower and infrastructure other firms lack.
Helping You Fight Dishonest Brokers
Erez Law serves investors who have suffered losses at the hands of fraudulent and dishonest brokers from across the U.S. including Puerto Rico and nations across Latin America, like Argentina, Colombia, Mexico, and Venezuela. Many people lose their retirement savings and investments without realizing they were working with a bad broker. While stock and bond prices do rise and fall, some losses stem from broker misconduct – not the natural market tide. The experienced lawyers at Erez Law can help clients tell the difference between honest and fraudulent losses.
Erez Law understands that investors have worked for years and often decades saving for retirement, children’s education, to support family members, to accumulate wealth, to create a sense of financial security or to leave behind a legacy. Dishonest brokerage firms and brokers can dash those aspirations with just a few bad recommendations or actions. Investors that sustained investment losses may be the victims of brokerage firms and financial advisors that are incompetent or acted intentionally to mislead their customers.
Whether by negligence or fraud, brokerage firms and financial advisors that have failed to follow industry standards and applicable rules and laws may be responsible for their customer’s losses. Erez Law specializes in representing investors in cases to recover investment losses when caused by wrongful conduct. Erez Law represents individual investors, retirees, trusts, pension plans, partnerships, family partnerships, family offices and ultra-high net worth individuals.
Jeffrey Erez and his team of licensed attorneys help investors who have sustained significant stock and bond losses, fund losses, or structured product losses due to bad financial advisors. As a skilled securities fraud and broker misconduct law firm, we can thoroughly investigate your claim and tell you if we believe you have a case. We will help you decipher if a bad broker infringed upon your rights as a trusting investor.
Types of Investment Fraud
Securities firms and the brokers they employ have a duty to only recommend suitable investments. Thus, there are strict regulations that they must follow, from state and federal laws overseen by the Securities Exchange Commission (SEC), to obligations imposed by the Financial Industry Regulatory Agency (FINRA). Brokers acting as advisors that are compensated based on the assets they manage are charged with a fiduciary duty. Additionally, some states impose a higher fiduciary duty on brokers. If the firm fails to train or supervise its brokers properly or does not properly investigate securities prior to selling them to clients, they may be held liable for the customer’s investment losses.
If you lost money due to broker fraud or misconduct, your broker recommended unsuitable or inappropriate investments given your circumstances, objectives and risk tolerance, your broker misrepresented the risks of an investment, or your advisor failed to diversify your portfolio properly, you may be able to take legal action. The team at Erez Law have recovered over $125 million dollars on behalf of our clients who have suffered unnecessary losses at the hands of a broker they trusted, and we are prepared to help you. Types of investment fraud cases we have handled include:
- Hedge Fund Fraud
- Preferred Shares of Stock Fraud
- Junk Bonds and Junk Bonds Fraud
- Ponzi Schemes
- Fraudulent Oil and Energy Investments
- Private Placement Fraud
- Structured Products
- Puerto Rico Bond Fraud
- Variable Annuity Investment Fraud
You have a right to expect that your investment advisor will act in an ethical and responsible manner, all while striving to meet the obligations required of them according to industry rules, state and federal laws. When the people we entrust with our hard-earned money fail to work on our behalf and instead act on their own self-interests, our belief in the system and our financial futures suffer. That’s why the team at Erez Law has committed to holding securities firms and brokers accountable for their greedy or irresponsible actions. We do it to protect you, the investor, and to protect others from falling prey to their fraudulent schemes.
Stock Broker Fraud Attorneys
The savings or retirement funds that you have diligently set aside for the future can be lost in an instant if the broker you trusted to handle your investments fails to meet the suitability obligations, is fraudulent or does not truly have your best interests in mind. You’ve trusted these professionals to properly handle your money, so you have the right to expect they will steer you to smart, sound and suitable investments. If you’ve found misrepresentation, inappropriate investments, theft, or deceit instead, you do not have to watch your financial safety net disappear. Turn to the firm that is singularly committed to helping investors across the United States and the globe recover their losses if they have been the victim of stockbroker fraud.
People are often unaware that they can sue their stockbroker if they have lost money due to their advisor’s misconduct or negligence. We have extensive experience handling stockbroker fraud claims including:
- Unsuitable Investments
- Misleading or Incomplete Information
- Excessive Trading and Churning
- Selling Away
- Unauthorized Trading
- Lack of Diversification
- Excessive Use of Margin
- Fraud or Misrepresentation
- Violation of State and Federal Regulations
- Broker Negligence
- Failure to Supervise
While there are always risks when it comes to investing, we place a large amount of faith in the broker we hire to handle our money and advise us on where to invest it. Not all losses can simply be chalked up to the movement of the market, and when an incompetent or dishonest individual or firm mishandles your money, you may wish to sue your financial advisor for their actions.
Did a Financial Advisor’s Misconduct Harm You? Erez Law Can Help
Investors from around the globe come to Erez Law when they need diligent attorneys to level the playing field against the most powerful industry in the world: Wall Street. When a broker fails to live up to his or her professional duties, civil law presents a resolution for victims. Your broker may have put your money in risky investments, ignored your instructions, committed retirement investment fraud, or otherwise abused your trust. If this sounds familiar, you may have the opportunity to get some or all of your money back.
At Erez Law, we are committed to protecting retirees and investors from broker misconduct. We know which legal avenues to take on behalf of our clients. Over the years, we’ve spoken with thousands of people through the world whom brokers and financial advisors have wronged. We’ve helped many clients get some or all of their money back from bad investments and untrustworthy brokers.
Erez Law specializes in broker misconduct, abuse, and malpractice. Unfortunately, more stockbrokers than people realize take advantage of positions of power to trick investors into making poor choices that will ultimately benefit themselves. When this happens, many people blame themselves or are too embarrassed to seek help.
If you believe that you’re the victim of such misconduct, know you aren’t the only one, and you’re not alone. Contact Erez Law to learn your rights in these situations. Most firms don’t have the experience of our team or the necessary size. We’re happy to discuss your situation in detail in a free one-on-one consultation with one of our lead attorneys. Call (888) 840-1571 or contact us online to get started.
If a fraudulent financial advisor harmed you, we may be able to help. Find out if you have a case against your broker by calling Erez Law or filling out our online contact form to get in touch. A compassionate member of our team will return your call and collect more information about your situation. Our consultations are always free, confidential, and protected by attorney-client privilege. Erez Law attorneys gives you the answers needed to move on from an encounter with a dishonest stock broker. Contact us today.
In March 2018, FINRA fined Aegis Capital Corp. $550,000 for failing to have adequate supervisory and anti-money laundering (AML) programs tailored to detect “red flags” or suspicious activity connected to its sale of low-priced securities. Additionally, the Securities and Exchange Commission (SEC) fined Aegis Capital Corp. $750,000 in a separate action involving anti-money laundering violations […]
Erez Law is currently investigating Robert W. Baird & Co. Incorporated financial advisor Patrick Powell (CRD# 1041980) regarding unsuitable investments. Powell has been registered with Robert W. Baird & Co. Incorporated in Racine, Wisconsin since 1996. Powell has been the subject of one customer complaint, according to his CRD report: November 2017. “Client of Financial […]