Arizona Securities Fraud Attorney

Being victimized by securities fraud does not have to be the end of the road. In some scenarios, you may be able to file a lawsuit or arbitration claim and hold scam artists accountable. At Wolper Law Firm, one of our Arizona securities fraud attorneys may be able to help you recover a percentage of your stolen, lost, or embezzled funds. Our firm has a 99% success rate acting on behalf of our clients. Contact us today to see if we may be able to help you as well. 

Steps to Take If You’ve Fallen Victim to Securities Fraud in Arizona

If you suspect you may have lost money due to securities fraud, time is of the essence. Act quickly and take the following steps:

1. Stop making payments to the fraudulent account. Do not send good money after bad. Freeze the account in question whenever possible to create a paper trail for the fraud.
2. Assemble all your documentation, including keeping a record of calls that have gone unanswered or suspicious financial statements. 
3. Research an Arizona securities fraud lawyer. Do not simply go with the first firm you see. You will be trusting them with sensitive financial information as well as your chances for a recovery. Read client testimonials whenever possible, and do your own research before trusting any financial or legal professional to act on your behalf. 
4. File a complaint with the Arizona Securities Division, your broker’s supervisor, and any applicable law enforcement. Your attorney can assist you with this process.
5. Speak with your lawyer to determine the best course of action to prioritize your recovery, whether it be a lawsuit, class action, or arbitration claim. 

Why Hire an Arizona Securities Fraud Attorney at Wolper Law Firm?

While Arizona state investigators may look into a scam, it is important to remember that your recovery is not their sole focus. When you work with an Arizona securities fraud attorney at our firm, you’ll have a dedicated advocate focused on winning you back every dollar possible.

Working with an attorney is especially important in investment fraud cases, as they involve many moving parts, from complex financial documents to legal technicalities. Even if you know you lost money unfairly, you likely don’t have the tools or expertise to prove the fraud. Showing that your advisor broke the rules or acted dishonestly requires detailed evidence and legal know-how.

Additionally, most recoveries happen through FINRA arbitration, which allows no appeals. You get one chance to prove your case, and having an experienced attorney improves your odds significantly.

What to Expect When Working With Us

At Wolper Law Firm, we will begin your case with an initial consultation. We recommend that you bring all of the documentation you have available to this first meeting, and rest assured that what you share with us is confidential. Bring printouts of your account statements, any emails you’ve exchanged with your broker, paperwork you’ve signed, text messages with time and date stamps, copies of certified letters, and any other attempt you’ve made to get in touch with a financial advisor gone rogue. 

We will then conduct an investigation into your broker’s misconduct. We will explore past disciplinary actions taken against them, research similar case law, interview other victims of the scam, work with forensic accountants when necessary, and do a deep dive into the evidence. 

From there, we will be able to give you clear and focused advice about your avenues for recovery. Depending on the facts, we may advise you to file a lawsuit, join a class action case, or open a FINRA arbitration claim. Our firm will compile all of the required elements for any of these pathways and will file them on time and in the appropriate jurisdiction. We will build a strong case that illustrates the fraud and argues why you should receive the maximum recovery amount possible. 

Recognizing Arizona Securities Fraud: Common Schemes and Their Warning Signs

Securities fraud scams take many forms and may victimize both old and young investors. Some scams, like affinity fraud, prey upon shared connections, heritages, religions, or other bonds of trust. Others, like churning, involve brokers who put their own commissions before their clients.  Some common warning signs for Arizona securities fraud are:

• Pressure to make a decision immediately
• Warnings that this opportunity won’t last
• Offers that seem too good to be true
• Complicated or roundabout financial setups
• Missing paperwork or Arizona securities registrations
• Requests to send advance payments or share personal information
• Purposefully complex systems
• High fees or unnecessary trades to generate commissions
• Brokers or financial advisors who are difficult to communicate with or disappear
• Losing money even during a market upturn

What is a Real Life Example of Securities Fraud in Arizona?

A recent Arizona investment fraud scheme involved three perpetrators who raised $284 million through municipal bond offerings to build one of the largest sporting complexes in the U.S. While you might assume that an investment of this scale would be a safe bet, the non-profit company Legacy Cares allegedly issued false statements, fabricated documents and altered accounting in order to project profitable revenue streams for the project. 

In reality, many of the letters of intent and contracts with sports clubs and leagues simply never existed. While the sports complex did open in January 2022, it hosted far fewer events and saw much lower attendance than investors were led to believe. The bonds defaulted in October 2022 after generating tens of millions of dollars less in revenue than was projected to investors. 

What You Need to Know About Arizona Securities Laws

The Arizona Securities Division regulates the state’s securities industry. Investors can report fraud to both the Arizona Securities Division and federal agencies like the SEC. While federal laws provide broad oversight, Arizona’s Securities Act and Investment Management Act offer additional protections by requiring the registration and licensing of brokers, dealers, and financial advisors operating within the state. This state-level regulation helps address violations that may not fall under federal jurisdiction and provides an extra avenue for enforcement and investor recovery. 

Fight to Recover Your Losses With an Arizona Securities Fraud Lawyer at Wolper Law Firm

At Wolper Law Firm, our attorneys have years of experience prosecuting and defending investment fraud cases. We have worked on both sides of the courtroom, and now bring that experience to bear for our clients. Contact an Arizona securities fraud lawyer today at Wolper Law Firm for experienced, communicative, and diligent representation after an investment fraud scam.