Broker Misconduct
We represent investors who lost money as a result of broker misconduct or fraudulent activities such as:
Excessive trading or account “churning”
Unsuitable investment recommendations
Lack of diversification or over-concentration
Recommendations that lack reasonable basis
Unauthorized trading
Sales of fraudulent investments
Misrepresentations or false promises
Failure to disclose risks
Unvetted investment products
Sales of unapproved investments
Theft of customer funds
Sales of Ponzi scheme investments
Most investment professionals are honest and take their duties very seriously. In fact, we are sometimes contacted by investment professionals who bring to our attention questionable transactions in their new “customer” accounts by previous advisors. Those few financial advisors who are dishonest, however, can wreak havoc with an investor’s life savings.
We often see one or more of these products or transactions in cases that involve broker misconduct and fraud:
Oil and gas investments
Real estate investment trusts (“REITs”)
Variable annuities
Investments in real estate
Tenant-in-common (“TICs”) programs
Collateralized mortgage obligations
Collateralized debt obligations
Auction rate securities
Asset backed obligations
Private placements
Hedge funds
Algorithmic trading (“formula-based” trading)
Alternative investments
High-yield bonds
Commodities
Options and margin trading
Forex
Offshore funds
Promissory notes
To be sure, these products are not necessarily fraudulent or inappropriate. However, our experience is that fraudulent or inappropriate conduct by investment professionals often involves some of these products.
Contact Us Today | Free Consultations | 585-310-5140
We have represented thousands of victims of investment fraud, against financial institutions that failed to discharge their duties and protect the investing public. Each case is different and our past successes are not indicative of future results; we will be glad to review your case and advise you as to your options, at no charge.
If you believe you lost money because of investment fraud, it is important to take action. Contact Peiffer Wolf Carr Kane & Conway for a FREE Consultation by calling 585-310-5140 or by filling out an online Contact Form on this website. We can hear your situation and explore your legal options. There is no charge for this evaluation.
