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Call Toll free 1-800-231-8857
WIPED OUT BY WALL STREET?
If you lost $100,000 or more, we may be able to recover your losses.
Americans have been shocked by Washington's bailout of Wall Street while many of us have seen our own life savings wiped out.
If you suspect that your losses were not solely the result of a slowing economy but may have been caused by broker misconduct or just plain fraud, you may be right. If you have suffered losses in your stock market account, 401(k), and/or IRA you may be able to recover all or part of those losses.
Many of your losses may be the result broker misconduct, self-dealing or fraud. We are proud to announce that we have established a network of law firms dedicated to work on behalf of innocent investors to recover their investment losses caused by the greed or fraud of Wall Street.
Collectively, the firms have recovered millions of dollars on behalf of investors. They offer a free consultation and the promise that you will not pay any legal fees unless money is recovered on your behalf.
Securities Crimes Include the Following Violations:
· Stock Fraud charges stemming from allegations of accounting fraud, front running, insider trading, short selling abuses, or other dissemination of false financial information.
A stockbroker may not:
- Intentionally mislead an investor through misrepresentation or omission of key information
- Pressure a client to purchase risky (or "unsuitable") securities
- Concentrate all an investor's assets in a single stock
- "Churn"; essentially, sell a large number of stocks with small gains in order to create additional broker's fees and show a profit
Investment Fraud Defined
Investment fraud is typically defined as any scheme that induces a private investor to give money to a money manager under false or fraudulent pretenses. Any action can be classified as investment fraud if the defendant is inducing the victim to invest money in something that is either non-existent or is not what it is purported or proposed to be.
Types of Investment Fraud
Investment Fraud violations include, but are not limited to:
· Telemarketing Fraud
· Ponzi Schemes
· Embezzlement
· Accounting Fraud
· Misrepresentation
· Shareholder Fraud
· Mutual Fund Fraud
· Churning
· Shares Scams
· Affinity Fraud
· Blind Pools
· Share Pushing/Boiler Rooms
· Prime Bank Fraud
· Stock Options Backdating accusations that surface when a corporation is said to have made improper disclosures to shareholders regarding the backdating of executive stock options.
· Backdating, as the name would imply, is the practice of dating a stock option prior to the date it was actually granted. The option value is higher when the exercise price is lower, so it is obviously best to be granted options when the market price was lowest.
· While falsifying financial records and filings with the SEC and IRS is against the law, discounted stock options and backdating are not necessarily illegal. Backdated stock options incur additional taxes and penalties at vesting or exercise; legal issues only arise when the corporation makes improper disclosures to shareholders in order to obscure the backdating.
Front-Running allegations arising when a stockbroker is said to have purchased securities on his or her own account after receiving orders from investors, but before placing those orders
Front running charges arise when stockbrokers are said to have received orders from their customers but first purchased security on their own accounts, thereby affecting prices. These stockbrokers then allegedly sell their personal stock at a profit based on the new price level.
Front-Running Violations
Some front running breaks U.S. laws on Market Manipulation and Insider Trading, but not all front running is illegal (or even preventable). A trader may be able to guess another stockbroker's next moves due to experience and intuition, the same way you can finish sentences for someone you know very well. There are also extensive gray areas surrounding research front running (trading in a security before an analyst formally changes his opinion) as well as when exactly information becomes "public". Still, front running convictions can result not only in civil penalties, but jail time as well.
PleaseGetMeAnAttorney.com can help you find an experienced Stock Loss/Fraud attorney. We have "THE BEST" Stock Loss/Fraud Attorneys.
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· Stock Short-Selling charges that occur when stock is said to have been sold short in order to manipulate the market.
· Short-selling is when an investor borrows shares, sells them, and then eventually "covers" or returns the same shares. Such an investor benefits only when the price of the security falls. This practice is highly risky due to the fact that profits (determined by the difference in prices between when the share is borrowed and when it is returned) are limited (because the price of stock cannot fall below zero), while you can lose more money than you originally invested.
· Short-Selling Regulation
· Shorting has been criticized as unethical, but short-selling attorneys know that only "abusive" short sales are illegal.
· For example, it is forbidden to short sell in order to manipulate the price of a stock. Further prohibitions include selling stock short without having located stock for delivery at settlement as well as failing to deliver shares at the time of settlement.
· SEC regulations and other institutional constraints have done much to impede short-selling, and these strict rules are aggressively enforced. The SEC even likes to ban short-selling entirely when it wants to "restore equilibrium to the markets".
· Penalties for Short-Selling
· Penalties for illegal short-selling most frequently take the form of large fines paid to the U.S. Treasury. Additionally, allegedly improperly obtained profits must be paid back, as well as interest on those profits, and the interest alone can amount to many tens of thousands of dollars.
PleaseGetMeAnAttorney.com can help you find an experienced Stock Loss/Fraud attorney. We have "THE BEST" Stock Loss/Fraud Attorneys.
(please fill out the form to the right)
· Insider Trading accusations stemming from the belief that officers, directors, or others with non-public information have traded a corporation's stock without having reported that trading to the SEC.
Insider Trading Allegations
Insider trading allegations arise when officers, directors, or others with more than a one-tenth interest of a company's equity securities as well as material, non-public information are said to have traded a corporation's stock. However, insider trading is not always illegal. Corporate insiders can trade stock in their own companies, so long as they report this buying and selling to the SEC.
Insider Trading Investigations
SEC investigations for insider trading are invasive (often involving the subpoena of bank and telephone records) and can seem as though they go on forever (many take years). You do not need to be Martha Stewart to face such degradation. The number of cases filed by the SEC has only been increasing as time goes on. This is why it is very important to have a legal defense team on your side that is at least as aggressive as the prosecution. Insider trading attorneys at The Blanch Law Firm has extensive experience in successfully resolving such cases.
Penalties for Insider Trading
Punishments for illegal insider trading vary with the severity of the offense, but generally include both fines and jail time. The SEC can also prevent insider-trading offenders from serving as an executive at any publicly traded company.
PleaseGetMeAnAttorney.com can help you find an experienced Stock Loss/Fraud attorney. We have "THE BEST" Stock Loss/Fraud Attorneys.
(please fill out the form to the right)
· Investment & Brokerage Fraud allegations that surface when an advisor is said to have provided inaccurate or incomplete information to investors.
Broker fraud charges arise when one of the following is believed to be the case:
· An investment advisor or broker provided biased, contradictory, or unfounded advice
· A perceived conflict of interest exists
· When an advisor is said to have pressured his or her client to stick with a "risky" investment
Broker Fraud Regulations
SEC regulations are strict and potential punishments harsh: An advisor must present accurate and complete information to the investor, and he is required to look out for his client's best interest as well as receive that investor's permission before purchasing bonds, mutual funds, or stocks. If securities are to be purchased on credit, these credit terms must be explained to the investor beforehand.
However, even when these steps are taken losses remain common; we may "play" the stock market, but it is not a game. Sometimes losses are bad luck, and other times an honest mistake. Fortunately, the Private Securities Litigation Reform Act of 1995 sought to limit frivolous litigation. Under Tellabs Inc. v. Makor Issues and Rights, Ltd., the plaintiff in an Investment Fraud case must establish that the intent to defraud was more than just a possibility; the intent must be convincing and at least as compelling as any opposing inference of no fraudulent intent.
PleaseGetMeAnAttorney.com can help you find an experienced Stock Loss/Fraud attorney. We have "THE BEST" Stock Loss/Fraud Attorneys.
(please fill out the form to the right)
· Late-Day Trading charges that come about when a hedge fund is believed to have traded mutual funds after the market has closed.
· For mutual funds, the market closes at 4pm Eastern Standard Time, and the net asset value does not change until the market opens again. At least, nothing changes officially or legally.
· Trading Regulations
· Late-day trading accusations arise when a hedge fund, through a purportedly special relationship with a mutual fund, is said to have bought or sold shares after hours while recording the trade at 4pm., thereby enabling late-day traders to allegedly sell their shares the following morning at a profit once the net asset value has changed. Hedge Fund Fraud charges sometimes accompany allegations of late-day trading.
· However, there are exceptions to the prohibition against late-day trading. For example, pension-plan administrators are allowed to forward the day's transactions.
· Penalties for Late-Day Trading Convictions
· Still, the SEC aggressively pursues any conduct that seems suspicious. Moreover, the FBI has more than 150 agents dedicated to investigating late-day trading and similar Securities Crimes, a 25 percent increase in staffing over the two years prior. Civil and criminal charges are often the result, and in addition to fines and possible jail time, persons found culpable can be barred from working in the industry again.
·
Market Manipulation accusations that arise when an investment advisor is said to have interfered with the free and fair operation of the market.
· Market manipulation allegations arise when intentional interference with the free and fair operation of the market is said to have happened by way of the alleged establishment of untrue or misleading appearances regarding the price of or market for a security.
· In light of recent market volatility, the Financial Industry Regulatory Authority has been taking an "extra close look" at any suspicious activity, something the SEC does on a regular basis (SEC prosecution of market manipulation cases has increased more than 45 percent in the past year).
· Market Manipulation: A Serious Offense
· Investigations of alleged market manipulation are extensive and intrusive, and in the event of a conviction, fines imposed are frequently very large.
· Yet dramatic upheavals often do not have to be manipulated; indeed, drastic and sudden changes in the market are often only an illustration of its ability to withstand the impact of external forces. Able legal representation is key to the avoidance of punishment for a crime that was never committed.
PleaseGetMeAnAttorney.com can help you find an experienced Stock Loss/Fraud attorney. We have "THE BEST" Stock Loss/Fraud Attorneys.
(please fill out the form to the right)
· Shareholder Fraud allegations that occur when a corporation is thought to have deceived its shareholders.
· Shareholder fraud accusations surface when a corporation's employees are believed to have misrepresented or withheld information with the intent to deceive a company's shareholders (either to retain them or attract new ones). Shareholder fraud allegations generally arise out of the prosecuting agent's belief that the organization incorrectly reported its costs, expenses, and quarterly profits, or that one of the following occurred in excess in the company: corporate waste, mismanagement, or corruption that diminished shareholder equity.
· Shareholder Fraud Investigations
· Once these illegal actions cause a drop in the value of the corporation's stock, the shareholders may sue the company for money lost. The corporation can also be faced with an SEC investigation and possible federal charges.
· However, in the event of a shareholder derivative action (a lawsuit initiated by any shareholder to protect and benefit the interest of the corporation as a whole, and thereby all shareholders), the company occupies a dual position due to its role as both the real party plaintiff as well as the nominal party defendant. While an adversarial relationship still exists between the shareholder-plaintiff and the management (even when the alleged wrongdoer is a third party), neither can recover from the other because both parties are presumed to be equally at fault.
PleaseGetMeAnAttorney.com can help you find an experienced Stock Loss/Fraud attorney. We have "THE BEST" Stock Loss/Fraud Attorneys.
(please fill out the form to the right)
· Accounting Fraud charges stemming from a prosecuting agent's belief that a company has misrepresented its financial status.
· Accounting fraud allegations arise when any of the following are said to have happened:
· Overstating corporate assets or underreporting liabilities
Overstating revenues and understating expenses
The misuse and misdirection of funds
· Accounting Fraud Investigations
· In public companies, the mere appearance of such misconduct can lead to an SEC investigation, even if the recorded errors were not the result of intentional wrongdoing. CEOs and directors can be held personally responsible for alleged accounting fraud. However, sometimes the government will agree not to prosecute a corporation as long as the company helps the federal agents locate the individuals responsible within that organization.
· Yet, even when there is not enough evidence present to convict anyone of any transgression, the damage to a corporation's reputation can be catastrophic and permanent. This is why early legal intervention is essential; the SEC has competent lawyers, but your accounting fraud attorney should be better.
PleaseGetMeAnAttorney.com can help you find an experienced Stock Loss/Fraud attorney. We have "THE BEST" Stock Loss/Fraud Attorneys.
(please fill out the form to the right)
Call Toll free 1-800-231-8857
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