When you seek the support of a financial advisor or brokerage firm to manage your investments, you naturally expect that your broker will look out for your best interests. Sadly, this does not always happen. While some investments lose money due to market conditions – investing is always a risk, after all – some investors lose money when brokers are negligent in their fiduciary duty of care or when they willfully deceive investors into investing in a certain company based on bogus information.
Brokers have what is known as a fiduciary duty to investors. This means that they are supposed to act in a way that benefits you, the principal, financially. But sometimes brokers breach that duty. At best, breaching that duty is due to negligence. At worst, a breach of fiduciary duty amounts to fraud.
If you have experienced unexplained investment losses and suspect that you may be a victim of securities fraud in Pennsylvania, then contact our law firm, Erez Law today. Our experienced investment fraud attorneys have the experience and resources to help you hold fraudulent brokers and scammers accountable for their negligence or illegal activity and to help you recover investment losses you’ve suffered. Call our offices today at (888) 840-1571 for a free consultation.
What Defines Securities Fraud in Pennsylvania?
Securities fraud is an all-encompassing legal term that covers a wide variety of illegal, fraudulent activities, often committed by fraudulent brokers, brokerage firms, and/or financial advisors. Not only is securities fraud a crime, but it can also be a severe financial blow to individual investors who were misled.
Securities fraud, sometimes referred to as investment fraud, happens when someone, usually a broker, brokerage firm, or financial advisor, deceives an investor into making a purchase based on dishonest and misleading information. It can also occur when a broker makes unsuitable investments on behalf of the investor, failing to take the investor’s risk tolerance into account and going against the investor’s wishes. Securities fraud commonly causes investors to lose money.
If you believe that you may be a victim of Pennsylvania securities fraud, don’t wait to get in touch with one of our seasoned investment fraud attorneys at Erez Law. If you wish, you might also consider filing a report with the Securities and Exchange Commission (SEC) or FINRA.
Erez Investment Attorneys Serving Pennsylvania
At Erez Law, our investment fraud attorneys serve clients throughout Pennsylvania, including representing investors in cities such as:
Types of Investment Fraud Cases
Our investment fraud attorneys have an extensive knowledge of the securities industry and specialize in securities law and securities arbitration. We have handled cases involving many different types of fraud, such as:
- EB-5 Immigrant Investor Program Fraud
- Hedge Fund Fraud
- Junk Bond Fraud
- Oil and Energy Investment Fraud
- Ponzi Schemes Fraud
- Preferred Shares of Stock Fraud
- Private Placement Fraud
- Variable Annuity Investment Fraud
- Broker Misconduct
Securities Fraud Cases That Affect Pennsylvanians
At Erez Law, our attorneys have investigated and initiated legal proceedings against brokers, brokerage firms, and financial advisors who are suspected of fraudulent activity, including:
- Broker David Lerner
- GPB Capital Holdings
- Northstar Financial Services (Bermuda)
- Northstar Healthcare Income REIT
- Conservation Easements
- REIT Investment Loss
- Steepeners/Structured Products
- UBS Yield Enhancement Strategy (YES)
- Perdió en Puerto Rico Bonos y Fondos
If you were misled by a broker, brokerage firm, or financial advisor into making an unsuitable investment, investing in an unhealthy company based on false information, or have been the victim of another type of securities fraud, you deserve to be compensated for your losses. When you consult with Erez Law, you can rest assured that we will not rest until we hold the fraudulent party or parties responsible for their actions. We will craft a winning legal strategy and exhaust every legal option to help you recover your lost investment.
Contact a Pennsylvania Investment Loss Attorney
If you have been a victim of broker negligence or securities fraud, contact the investment fraud attorneys at Erez Law. We have recouped over $150 million in investment losses to date for independent investors, and we will use every tool at our disposal to help you seek the compensation you are entitled to if you suffered an investment loss due to fraud. Contact us today for a free consultation.