Securities fraud encompasses a wide range of deceptive practices in the stock or commodities markets, many of which result in significant losses and are in violation of securities laws. At Hare, Wynn, Newell & Newton, our attorneys have successfully represented many clients in a wide range of complex and serious cases. We’ve taken on large Fortune 500 companies in class actions, as well as brokerage firms and stockbrokers who employed deceptive, improper, or unethical practices. If you have been the victim of securities fraud, contact our firm to find out how we can help.
WHAT IS SECURITIES FRAUD?
Stockbrokers and brokerage firms are obligated to follow the “Know Your Customer Rule,” which requires that they be mindful of each client’s investment objectives, disposable income, and tolerance for risk, while recognizing the purpose for the invested funds and investing only in accordance with said objectives. Every year, however, millions of dollars are lost due to violations of this rule. In 2017 alone, the Securities and Exchange Commission (SEC) obtained judgments and orders totaling more than $4 billion in disgorgement and penalties for securities fraud, and this only represents the fraud that was discovered and successfully prosecuted.
Types of securities and stockbroker fraud can include:
- Unauthorized trading
- Investing in unauthorized stocks or securities
- Violating risk tolerance levels set forth by brokerage agreements
- Purchasing/selling securities not registered with the SEC
- Supplying false or misleading information to potential purchasers
- Willful omissions of fact in official documents filed with the SEC
- Intention to mislead through interstate communication with prospective purchasers
Hare, Wynn, Newell & Newton has served as lead counsel in numerous securities cases and has successfully represented victims of stockbroker fraud and unethical or improper investing. Many of our clients have suffered significant losses to their retirement and other investment accounts due to unauthorized trading by stockbrokers and brokerage firms.
PROVIDING AGGRESSIVE REPRESENTATION YOU CAN RELY ON
Hare, Wynn, Newell & Newton is proud to represent clients who have suffered financial losses caused by fraud. If you feel you have been the victim of fraud and would like to discuss a potential case, contact our team for tough, uncompromising representation.