The impact of stock losses can be undeniably difficult. If your losses are the result of the actions of your financial advisor, contact a respected stock loss lawyer in Boca Raton for help getting your money back.
Some stock losses are inevitable, but your stock losses should never be caused by the conduct of your stockbroker, brokerage firm, or financial advisor. When they are, the Financial Industry Regulatory Authority (FINRA) allows wronged investors to seek full restitution for their losses in FINRA arbitration.
The claims process can be more complicated than you might think, but with the right legal assistance backing you up, you may be able to recover your investment losses more easily.
At Wolper Law Firm, P.A., we are committed to helping investors who have been taken advantage of. Your experienced Boca Raton stock loss lawyer will work diligently to see that your financial advisor is brought to justice.
Types of Stockbroker Fraud Leading to Losses in Boca Raton
There are many different ways in which stockbrokers and financial advisors can take advantage of investors. In some cases, they are even able to defraud their investors for years before their schemes are uncovered. Some of the more common types of stockbroker fraud and misconduct include:
- Unsuitable recommendations
- Selling away
- Churning (also known as excessive trading)
- Breach of fiduciary duty
- Failure to supervise
- Unauthorized trading
- Ponzi schemes
- Lack of diversification
It is important that investors do their own research on an investment opportunity rather than simply trust that their financial advisor is making a good investment suggestion. Unfortunately, many investors are not prepared or do not understand what they have agreed to and will suffer substantial losses when their broker fails to ensure that they are educated about the opportunity in question.
How to Recover Your Boca Raton Stock Losses
There are multiple ways you could seek full compensation for your stock losses that have been caused by misconduct or fraud. One common way to be awarded compensation for your losses is through FINRA arbitration.
Here, you will have the opportunity to present evidence before a panel of arbitrators that shows your financial advisor has taken advantage of you. Your Boca Raton stockbroker will then need to explain their reasoning and answer questions about the investment.
Once all of the evidence has been presented, the panel of arbitrators will then retire to deliberate and review the evidence. If, after reviewing the evidence, it is determined that misconduct occurred, the arbitrators can then order the financial advisor to pay you restitution for your investment losses. In most cases, compensation will need to be awarded within thirty days of the decision being made.
Contact a Stock Loss Lawyer in Boca Raton
If you’re interested in learning more about how a seasoned Boca Raton stock loss lawyer at Wolper Law Firm, P.A. could help you throughout your FINRA arbitration proceedings, call our Florida office at 800.931.8452 or complete the convenient contact form included below to schedule your free claim review.