Stock Fraud Attorney – Knowing When To Hire One

Mar 24
09:22

2011

Abraham Avotina

Abraham Avotina

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When you are looking at your portfolio have you noticed any discrepancies? If you have, you might want to consult with a stock fraud attorney to get the matter cleared up.

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We all know how bad the economy is right now. If you’ve invested your money you probably are watching it really closely. Did you know it’s easy for someone with limited market experience to get swindled,Stock Fraud Attorney – Knowing When To Hire One Articles especially during these difficult financial times? There are so many different ways that your broker or financial advisor can take advantage of you. If you suspect that your funds weren’t handled appropriately then you might want to consult a lawyer. You don’t need just any lawyer; you need a stock fraud attorney.

There are a wide number of people who fall under the title of those capable of committing this type of crime. This person (or persons) could have been your broker, financial advisor, corporations, and private investors. They could be guilty of misrepresentation, or the submission of false or misleading information about a company to investors. This is known as insider trading, and involves trades made on information not known to the general public; or false accounting by presenting false information on purpose or keeping a second set of incorrect books. The government usually handles these types of cases and seldom works in the best interest of the clients that have been burned in these transactions. Hiring a stock fraud attorney in these cases may help return some of your money, but in reality the guilty party has bigger problems.

If you have a broker or advisor that hasn’t committed any major crimes against the Securities and Exchange Commission (SEC) you may still have a case. Speak to your stock fraud attorney if you believe you advisor has recommended that you purchase a security that is inconsistent with your risk tolerance, objectives, or needs. These types of transactions are often referred to as “unsuitable investments.” Your broker can be brought up on charges by not serving you in the way you agreed to be served.

Before you contact your stock fraud attorney ask yourself some questions. You need to determine if you advisor told you the investments were consistent with the risks you were willing to take. You also need to decide if the loss was more significant than you were led to believe. Finally, know exactly what your risks were before the investment. If the option was misrepresented to you or if information wasn’t given to you about the option, then you should speak to a lawyer.

There are other ways your advisor could be taking advantage of you as well. If your broker fails to follow your instruction on diversification or buying and selling of items in the portfolio, then you probably want to speak to a lawyer. The same goes for any unauthorized transactions your advisor has done in your name.

Hiring a stock fraud attorney is an important step in regaining your money and stopping a broker from taking advantage of other people too. With a poor economy and everyone trying to get ahead in the market, watching your portfolio is going to be more and more important.