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Stock Loss/Stock Fraud/Investment Advice If you hired an investment advisor, stock broker or the like to help you manage your investments and believe that the broker caused you a loss in your investments, then you may have a claim against your broker. Investors usually make three types of claims against brokers: lack of suitability (for example, suggesting long-term or risky investments to an older person), misrepresentation (lying about the nature and risks of a particular investment), and churning or commission grabs (continuous buying and selling or suggesting high-commission investments). If you have suffered such a loss caused by such action, then you will have a securities broker claim. Almost certainly you will assert such a claim through securities arbitration. This is so since brokerage companies regularly have all clients sign agreements to submit any disputes to arbitration. Even if you are free of an arbitration provision, as a tactical matter, many defrauded investors choose arbitration over court litigation for a variety of reasons -- lower attorney's fees, lower court costs, technically proficient arbiters, and a speedier result. The entire arbitration process usually runs about one year while court litigation may last for 5 years. This firm will normally offer securities loss representation on a contingency basis. Often these claims are handled with the minimal amount of out-of-pocket expenses. At times, however, securities claims are helped by hiring and presenting expert testimony on the economic or financial theory behind your loss. Such evidence may be expensive to present. If you are seeking representation, then fill out the securities loss questionnaire and send it to us and we will call you to evaluate your case and offer a representation agreement If you purchased an investment equity interest, lost money and believe that you were mislead, then you may have a securities suit directly against the seller of the investment interest (an investment is called a "security" by the law). Sales of securities must either be registered with the Securities and Exchange Commission or the sale must have been done under an exemption. If the sale should have been registered but was not, then you are entitled to a complete refund even if you were not mislead and only given accurate information. If the security was properly registered or properly sold under a registration exemption, but you were given incorrect information about the investment, then you have a securities fraud claim against the seller of the security. These claims are pursued in courts rather than in arbitration and can be quite complex.
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Law Office of Michael Trevelline |
