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National Investment Fraud Lawyers

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Settlement

Posted on Wednesday, July 1st, 2020 at 2:41 pm    

Erez Law recovered $4 million in 2021 from a major brokerage firm for dozens of foreign investors. The claims were based on the brokerage firm acting as a clearing firm for an off-shore unregistered brokerage firm that was running a Ponzi scheme by selling fraudulent proprietary notes. Erez Law brought claims for negligence, breach of contract, and fraud amongst other claims related to the clearing firm’s failure to perform adequate due diligence on the introducing firm and for mispricing the Ponzi scheme related notes. The settlement is notable for its size and the significant recovery for a clearing firm claim.

Disclaimer: The results obtained for this or any client does not indicate that similar results can be obtained for other clients.