If you are a victim of securities fraud and endured considerable losses as a result of these schemes, a qualified securities fraud lawyer in Miami may be able to help.
Investors take risks whenever they invest, but if they were defrauded by their stockbroker or the investment in question wasn’t what it seemed to be, investors are more likely to lose money. Fortunately, you may be able to recover these losses in Financial Industry Regulatory Authority (FINRA) arbitration with the assistance of a respected Miami securities fraud lawyer.
At Wolper Law Firm, P.A., we have seen firsthand just how devastating the effects of securities fraud can have on an investor’s life. Take action against the fraudster in your case and seek maximum recovery of your stock losses.
Common Types of Securities Fraud in Miami
Some stockbrokers engage in securities fraud in order to generate commissions that make them money, while others are encouraged to participate in schemes by their broker firms so the company can make money. In either case, securities fraud can often result in substantial losses to investors. Some of the most common types of securities fraud seen here in Miami include:
- Ponzi schemes
- Accounting fraud
- Prime bank schemes
- Unsuitable recommendations
- Advance fees
- Affinity groups
- Unauthorized trading
- Promissory notes
- Bogus offerings
Your stockbroker has a fiduciary duty to do their due diligence and make suitable investment recommendations to their clients. If your broker engaged in any of the previously mentioned types of securities fraud or failed to protect you from being a victim of these schemes, you may be able to recover your losses in FINRA arbitration.
What to Do If You Are a Victim of Securities Fraud
FINRA provides wronged investors with the opportunity to hold their financial advisors and institutions accountable when they have suffered considerable losses due to fraud, misconduct, or negligence.
You can start by filing a FINRA arbitration complaint. FINRA can then grant you a hearing, during which you will have the opportunity to present evidence to support your case before a panel of arbitrators. The financial advisor will then have the opportunity to refute your claims and defend themselves.
The arbitrators will then retire to deliberate and review the evidence provided to them. This process can take as much as eighteen months before a decision is reached. If the arbitrators determine you have been a victim of securities fraud and your broker is responsible, they may be ordered to repay you for the losses you endured.
Meet with a Miami Securities Fraud Attorney
When you are ready to hold the fraudulent party in your case accountable for their misconduct, you can reach out to a reputable Miami securities fraud lawyer at Wolper Law Firm, P.A. to discuss your case.
Our office is proud to offer free consultations to wronged investors across Miami. Take advantage of this opportunity by calling our office at 800.931.8452 or filling out the quick contact form at the bottom of this page.