This frequently looks like seemingly trustworthy advisors misrepresenting information for their own benefit. suffered losses in Carvana stock take advantage of their trusting clients who have put their hard earned money into the hands of their advisors. Securities cases are extremely complex and require the attention of a skilled attorney.
At Sonn Law Group, our investment loss lawyers have extensive experience representing clients who have experienced losses related to stockbroker misconduct and investment fraud. We will determine if you have a reasonable claim and help you decide how to proceed. Many investors do not realize is how common it is for investment losses to occur as the direct result of negligence, misconduct, or outright fraud on the part of financial advisors and stockbrokers. A securities class action is a lawsuit brought on behalf of a group of investors who have suffered an economic loss in a particular stock or security as a result of fraudulent stock manipulation or other violations of federal or state securities law. Some investors know they are the victims of securities fraud or negligence.
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That’s how much the stock market in the United States is now worth. Our firm has engaged Lubiner & Schmidt LLC for over fifteen years. They have always surpassed our expectation and the quality of service has been excellent. We strongly recommend their services to any corporate client seeking legal help. Pursue an action on your behalf against your advisor to get you the compensation you deserve. If you are a broker or investment professional that has been wrongfully accused of regulatory noncompliance, a regulatory defense attorney can help you fight back.
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That means you don’t have to give permission for each trade separately, and if you trust your broker you might give this discretion to avoid having to decide so many things yourself. Additionally, private placements and other alternative investments are often not liquid. Therefore they are inappropriate for an investor that needs access to their cash.
Theory vs Reality: Its Difficult to Pursue Legal Action on Your Own
You could seek restitution from the SEC or FINRA through enforcement action. The SEC can distribute financial penalties for the losses investors suffered under the Fair Fund provision of the Sarbanes-Oxley Act of 2002. Broker misconduct is when a broker fails to live up to his or her professional duties. Common types of broker misconduct include misrepresenting risks, selling away, unauthorized trading, failure to diversify, excessive use of margin, or otherwise abusing trust.