Do you feel like you may have been taken advantage of my your broker? Florida based investment fraud lawyer Eric Hewko has been getting justice for those who have been taken advantage of by the investment advisors or brokers,
Over the last 20 years, the stock markets have roared to new and previously unheard of heights. These times have given investors opportunities to make unprecedented returns on their investments. These times have also given brokerage firms and brokers opportunity to promise the moon to prospective investors. And, it seems, just as suddenly, the markets collapse. Your accounts should not be unduly subjected to the volatility of the markets. Those decisions are should be the responsibility of your broker or investment advisor.
YOUR LEGALS RIGHTS TO INVESTMENT LOSSES AND FRAUD
- Your investments need to be suitable for your age, net worth, income and needs.
- Your nest egg and retirement funds need to be risk adverse
- If what your investment advisor tells you sounds too good to be true, you need to be extra cautious
- If you have suffered significant losses in your retirement accounts or your investment accounts, you need to…
- Get your accounts reviewed now by our firm for a no cost evaluation
Your Investment Safety versus the Brokers Commissions Conflict of Interests
Problems arise when the brokers are recommending investments, unbeknownst to the customer, that are too volatile for their investment goals, and, therefore, are termed “unsuitable”. The result is that losses start to pile up. Or, the broker recommends investments whose commissions are excessive, or, engages in excessive buying and selling of securities for a primary purpose of generating commissions. This is called “churning”. “Unauthorized trading” occurs when a broker buys or sells securities without the client’s required consent.
There are remedies available to make you whole and recoup your losses. Your first step is to put together all your account statements in chronological order. Then call an attorney who specializes in securities fraud.
ARBITRATION or COURT CLAIM
Q. If I have a claim against my stockbroker and/or brokerage firm, can I pursue my claim in a court of law?
A. Most client agreements which brokerage firm require that their clients sign contain an arbitration clause. The arbitration clause typically states that the investor waives his right to sue the brokerage firm in a court of law and must arbitrate his/her claim. The arbitration process is regulated by the National Association of Security Dealers (N.A.S.D.), the various stock exchanges, or the American Arbitration Association. However, some claims can be litigated in the courts.
Q. What is arbitration and how does it compare to a court of law?
A. Instead of your claim being determined by a jury or judge, it is decided by a panel of three (3) arbitrators. The panel typically consists of an attorney, a representative from the business community and one (1) from the securities industry. There are pros and cons to the arbitration process depending on your particular facts and circumstances.
If you have been involved in an investment loss case it is important that you receive expert legal advice in handling your case. I have more than 30 years experience investment loss cases. Because of time limitations, I strongly urge you to contact me
If you or someone you care about has been involved in an investment loss incident and would like more information regarding your legal rights, contact Florida Investment Loss Attorney Eric Hewko at The Hewko Firm by calling 1-800-BIG-E-LAW (1-800-244-3529) or 561-776-9400 for your FREE Consultation.
Don’t Delay. The law has deadlines. Call now to fully protect your rights.
We’re here to help. Call us now.
TOLL FREE: 1-800-BIG-E-LAW (1-800-244-3529) or 561-776-9400.