“Stockbroker fraud” includes theft, lying and deceit, but it also includes other types of wrongdoing, such as churning, unauthorized transactions, unsuitable investments and other acts of greed, incompetence and negligence by stockbrokers, financial planners and others in the securities industry.
There are regulations and laws in place to protect investors. Securities regulators, such as the FINRA, monitor the securities industry and issue fines and suspensions. However, in order to recover their losses individual investors must file claims seeking recovery. Statistics demonstrate that investors are far more likely to recover on their cases if they are represented by experienced attorneys. The majority of investor’s claims against brokerage firms must be resolved in securities arbitration instead of court because the brokerage firms routinely require their customers to sign binding arbitration agreements at the onset of the brokerage-client relationship.
The Law Offices of Place & Hanley, LLC is dedicated to helping investors who have been victims of stockbroker fraud. If you have lost money as a result of stockbroker fraud you may be able to recover your financial losses. Contact us today for a free initial consultation.