Brokerage Fraud Lawyer

Do you have reason to believe that your stock losses were caused by fraud on the part of your brokerage firm? If so, contact a qualified lawyer to discuss your legal options for financial recovery after brokerage fraud.

It is critical that you be able to trust your financial advisor with your investment portfolio and, frankly, your money. However, in some cases, these stockbrokers and the financial institutions that employ them will prioritize their own financial interests over those of their clients.

If this negligence or misconduct has caused you to endure catastrophic investment losses, you may be able to get your money back through arbitration proceedings with the Financial Industry Regulatory Authority (FINRA).

An experienced brokerage fraud lawyer at Wolper Law Firm, P.A. may be able to help you through this difficult time in your life. With our firm on your side, you can be sure that you are doing everything possible to obtain full restitution for your stock losses.

What Is Brokerage Fraud?

Brokerage fraud encompasses all types of negligence and misconduct at the hands of stockbrokers, financial advisors, and the brokerage firms that employ them. There are many different ways that these schemes can unfold, some of the more common of which include:

  • Selling away
  • Failure to supervise
  • Misrepresentation
  • Lack of portfolio diversification
  • Unsuitable recommendations
  • Omission
  • Unauthorized trading
  • Excessive trading (churning)

In some cases, financial institutions will encourage their employees to engage in misconduct in order to increase the profits of the company and the broker. The broker will often feel as though they have no other choice but to defraud their investors in order to remain employed.

However, this is no excuse for their behavior, and any and all parties that are responsible for stock losses that may occur due to brokerage misconduct or fraud can be held accountable in FINRA arbitration.

How to Recover Your Losses After Suffering Brokerage Fraud

One of the common ways to go about seeking full compensation for the losses you’ve suffered due to brokerage fraud is by initiating a FINRA arbitration complaint. Here, you are filing a disclosure against your brokerage firm and any other parties that may have facilitated your stock losses.

A panel of arbitrators will hear your case, and the accused party will need to defend their actions in regard to your investment loss. If your hearing is successful, the arbitrators can require the liable party to pay you restitution as soon as thirty days after a decision has been made. This is one of the primary benefits of FINRA arbitration.

If you bring your case to court, it could be years in some cases before a decision is reached, and even longer before you see any restitution. It should also be noted, however, that decisions made by FINRA arbitrators are not eligible for appeal, while court decisions are.

Contact a Respected Lawyer to Beat Brokerage Fraud

If you are interested in learning more about how a brokerage fraud lawyer at Wolper Law Firm, P.A. could help you initiate your FINRA arbitration complaint, schedule a free, no-obligation consultation by giving our office a call at 800.931.8452, or complete the  online contact form included below.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]