Protecting Investors' Rights
When broker misconduct has caused you to lose substantial value to your investment accounts, you have the right to seek reimbursement from the responsible parties. These cases can be extremely complex, and having the support of a reputable West Palm Beach investor representation attorney can help to ensure that your interests are protected from the start.
The Law Offices of Robert Wayne Pearce, P.A., has helped countless investors recover the losses from their investment accounts that were caused by broker negligence or misconduct. The firm has extensive experience with these cases, and Mr. Pearce is committed to seeing that those responsible for the losses you have suffered are held fully accountable.
Representing clients throughout Florida and nationwide.
Boca Raton Stockbroker Misconduct Attorney
Attorney Pearce represents wronged investors in all types of stockbroker, commodities broker and investment advisor misconduct cases, including:
Broker/advisor fraud and misrepresentation: Fraud and misrepresentation take place when brokers or advisors fail to provide complete and accurate information about an investment. If you have lost money on an investment and the advisor failed to disclose all the material facts about it, you can seek to recover your losses.
Unsuitable investments: Brokers have a duty to recommend suitable investments to investors in light of their stated objectives, financial condition and tax status. If a broker recommends investments inconsistent with these criteria, there may be grounds for a lawsuit to recover your financial losses.
Hedge funds and structured products: Hedge funds and structured products are sophisticated investments typically reserved for high net worth investors who have the tolerance for the risk these funds often involve. When these types of funds are misrepresented, offered to investors who do not have the risk tolerance, or mismanaged, the brokers can be held accountable for any losses suffered.
Churning: Churning occurs when excessive trades are made in an account for the sole purpose of generating multiple commissions for the broker. Investors can seek to recover any financial losses if it can be shown that the broker was acting in his or her own best interests rather than the investor's.
Failure to diversify: Brokers and advisors have a responsibility to take a balanced approach to growing their clients' accounts. If too much of an investor's money is put into a particular type of investment and that investment goes bad, it can result in heavy losses that can be recovered by the investor.
Mismanagement of trusts and investment accounts: Under the prudent investor rule, trustees and other fiduciaries have a responsibility to manage client accounts in a responsible manner. When they fail to do so and the accounts lose money, action can be taken to recover the losses.
Negligence and breach of fiduciary duty: Negligence and breach of fiduciary duty can happen even when the broker believes he or she is working in the investor's best interests. When mistakes are made or accounts are handled in such a way that the investor suffers a loss, it may create grounds for an investor claim.
Failure to supervise: By law, brokerage firms are required to supervise the activities of their brokers and of the entire staff. This is to ensure ethical practice and goodwill. Brokerage firms are required to review all accounts and are required to investigate any suspicious actions. Failure to do so could result in losses for the investor.
Selling away: Brokers are only allowed to offer investments that have been researched and approved by the firm. Selling away happens when a broker offers an investment that is not part of the firm's approved product offerings. If you have suffered losses on this type of investment, you have the right to seek recovery.
Broker/advisor misconduct: Unscrupulous stockbrokers, commodities brokers and investment advisors are abundant in South Florida. In his 30 years, attorney Pearce has litigated and arbitrated more broker/advisor misconduct cases throughout the United States.
Schedule Your Initial Consultation With a Florida Lawyer
Contact The Law Offices of Robert Wayne Pearce, P.A., in Boca Raton to discuss investors rights, your financial loss and available remedies. The firm can be reached by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.
