Daytona Florida Securities Arbitration Lawyers Who Handle Ponzi Scheme Cases
Daytona Florida Securities Arbitration Lawyers Who Handle Ponzi Scheme CasesDaytona Florida has scores of stock brokerage firms and investment advisory offices. With so many stock brokerage firms and investment advisory offices, comes the potential for their stockbrokers, financial advisors, and other representatives to recommend investments in Ponzi Schemes and engage in all sorts of misconduct which violates Federal and Florida securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.
For example, Lawrence Ford of Daytona Florida is alleged to have been a part of a Ponzi scheme that took more than $21 million from more than 200 investors. Mr. Ford was president and Chief Financial Officer of Heritage Funding Group and used his status to acquire the trust of many investors. Mr. Ford and the defendants allegedly told investors that their funds would be used to invest in Real Estate Fund and Heritage Funding Group to invest in real estate and secured car loans. For a time, they made those investments for clients. However, when the company didn’t have enough funds due to the excess commission they agreed to pay the salesmen (22% instead of the 10% they told investors) they allegedly resorted to a Ponzi scheme to pay off older investors. Later, instead of investing clients’ monies, Mr. Ford allegedly used the funds on a lavish lifestyle and to repay older investors in a classic Ponzi scheme. Mr. Ford and the defendants allegedly lied to investors about their activities and hid the substantial commissions they received. In agreement with the SEC, Mr. Ford was ordered to disgorge $200,000 in alleged ill-gotten funds. Mr. Ford was also ordered to pay prejudgment interest in the amount of $38,917 and a civil penalty of $6500 for a total of $245,417 to be paid to the court.Experienced Securities Attorneys Who Represent Investors Caught in Ponzi Schemes in FINRA Arbitrations Throughout Daytona Florida and Nationwide
Did your Daytona Florida stockbroker or investment advisor recommend an investment that turned out to be an investment in a Ponzi Scheme like the ones allegedly run by GPB Capital Holdings or EquiAlt? Generally, these investments are not vetted by your stockbrokers or investment advisor’s employer. The brokerage firms always deny liability for these unauthorized investments. And so, you definitely need an experienced attorney knowledgeable of FINRA rules and procedures to handle these FINRA arbitration cases involving Ponzi Scheme investments and other complex legal issues.
By hiring a top rated securities arbitration lawyer like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA arbitration proceedings, you will clearly see that Attorney Pearce aggressively represents investors and is one of the best lawyers to help you recover your Ponzi Scheme investment losses from stockbrokers, investment advisors and their employers in FINRA arbitration proceedings!
At The Law Offices of Robert Wayne Pearce, P.A., we represent investors not only in Ponzi Scheme cases but all kinds of securities law and investment disputes in FINRA arbitration and mediation proceedings. We handle a wide range of practice areas such as fraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations. Attorney Pearce and his staff represent investors throughout Daytona Florida, and across the United States on a CONTINGENCY FEE basis, which means you pay nothing - NO FEES-NO COSTS - unless we put money in your pocket after receiving a settlement or FINRA arbitration award.
The Law Offices of Robert Wayne Pearce, P.A. are highly experienced lawyers who successfully handle Ponzi Scheme and other securities investment cases in FINRA arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of securities law and investment disputes in FINRA arbitrations serving Daytona Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.