Dearborn Investment and Securities Fraud Cases
Investment fraud devastates portfolios across Dearborn every year. A Dearborn investment fraud attorney can investigate broker misconduct, analyze unsuitable recommendations, and pursue recovery through FINRA arbitration or Michigan courts. The Law Offices of Robert Wayne Pearce, P.A. represents investors who have lost money due to securities fraud, churning, unauthorized trading, and breach of fiduciary duty. Our firm handles cases involving misrepresentation, overconcentration in risky assets, and failure to supervise registered representatives.
How Investment Fraud Impacts Dearborn Residents
Dearborn’s diverse community—including auto industry executives, small business owners, and retirees—faces targeted schemes from unethical brokers. Financial advisors may push unsuitable products like non-traded REITs, complex annuities, or high-commission structured notes that violate FINRA suitability rules. Michigan securities laws and federal regulations protect investors from deceptive practices. Our attorneys can analyze trading patterns, review account statements, and identify regulatory violations to build strong recovery claims.
Common Investment Fraud Claims We Handle
Unsuitable Investment Recommendations
FINRA Rule 2111 requires brokers to recommend only investments that match your risk tolerance and financial goals. Our Dearborn investment fraud attorneys can review whether your advisor ignored these obligations when placing you in volatile or illiquid securities.
Churning and Excessive Trading
Brokers who trade excessively to generate commissions violate both FINRA rules and Michigan law. We can reconstruct trading histories and calculate turnover ratios to prove churning occurred in your account.
Misrepresentation and Omissions
Investment professionals must provide accurate information about risks and potential returns. When brokers lie about or hide material facts, investors can pursue claims for rescission or damages through FINRA arbitration.
Breach of Fiduciary Duty
Registered investment advisors owe fiduciary duties to act in clients’ best interests. Our firm can identify conflicts of interest, self-dealing, and other breaches that harmed your portfolio.
Overconcentration
Placing too much of your portfolio in one sector or security violates prudent investment standards. We can compare your holdings to properly diversified portfolios to demonstrate negligent overconcentration.
Unauthorized Trading
Brokers cannot make trades without your permission unless they have discretionary authority. Our attorneys can review trade confirmations and account agreements to prove unauthorized transactions occurred.
Michigan Securities Laws Protect Dearborn Investors
The Michigan Uniform Securities Act provides additional remedies beyond federal regulations. State law allows investors to recover attorney fees in certain fraud cases, creating powerful leverage against brokerage firms. Michigan’s statute of limitations gives investors two years from discovery to file securities fraud claims. Acting quickly preserves evidence and strengthens your case for recovery.
The FINRA Arbitration Process
Most brokerage agreements require arbitration instead of court litigation. FINRA arbitration offers faster resolution than traditional lawsuits, typically concluding within 12-16 months. Our Dearborn investment fraud lawyers can prepare your Statement of Claim, conduct discovery, and present evidence at hearings. We can negotiate settlements or pursue full arbitration awards depending on your goals.
Why Choose Our Securities Fraud Attorneys
Our firm can investigate complex financial products, analyze broker conduct, and develop targeted legal strategies. Our team understands both the technical aspects of securities trading and the legal framework governing investment professionals.
Act Now to Protect Your Rights
Investment fraud claims face strict deadlines under both Michigan law and FINRA rules. Delays can result in lost evidence, faded memories, and expired claims. Our firm can evaluate your losses, identify liable parties, and explain your recovery options during a confidential consultation. We can review account statements, trade confirmations, and correspondence to assess potential violations.
Frequently Asked Questions
What types of damages can I recover in an investment fraud case? Investors can potentially recover market losses, lost profits, interest, and in some cases punitive damages. The specific damages available depend on the type of misconduct and applicable law governing your claim. How much do investment fraud attorneys charge? Most securities attorneys work on contingency, meaning they only collect fees if they recover money for you. Initial consultations are typically free, allowing you to understand your options without financial commitment. How long does a FINRA arbitration case take? FINRA arbitrations typically conclude within 12-16 months from filing to final award. Settlement negotiations can resolve cases faster, while complex matters involving multiple parties may take longer.
Contact a Dearborn Investment Fraud Attorney Today
Don’t let broker misconduct destroy your financial security. The Law Offices of Robert Wayne Pearce, P.A. can review your investment losses and explain your legal options. Call (800) 732-2889 or submit our consultation form to speak with an experienced securities fraud attorney. We maintain strict confidentiality and charge no fees for case evaluations.