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Uno de los másexperimentados

Abogados de Arbitraje de Valores, Fraude de Valores y Fraude de Mercancías de FINRA

La abogada Pearce tiene más de décadas de experiencia de primera mano en disputas de inversión en Florida, a nivel nacional e internacional. Somos uno de los más experimentados Bufetes de Abogados de Arbitraje de Valores FINRA en todo el país y hemos recuperado más de 140 millones de dólares en nombre de nuestros clientes.

Con más de 40 años de experiencia personal

$21,000,000 Fallo final por robo civil
$8,500,000 Liquidación de fraude de bonos de corredores de bolsa
$7,800,000 Liquidación del fraude en la opción de compra de acciones de un corredor de bolsa
$6,000,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$5,800,000 Laudo arbitral por fraude de corredor de bolsa
$4,300,000 Arreglo del esquema Ponzi de la demanda colectiva
$3,500,000 Acuerdo de mala gestión del fideicomisario corporativo
$3,350,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$3,200,000 Laudo arbitral por fraude en valores respaldados por hipotecas
$2,700,000 Premio de arbitraje por negligencia de un corredor de bolsa y robo de ayuda
$2,500,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$2,450,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$2,300,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$1,900,000 Abuso de ancianos y asentamiento de influencias indebidas
$1,800,000 Laudo arbitral por fraude de productos estructurados
$1,500,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$1,450,000 Laudo arbitral por fraude de corredor de bolsa
$1,400,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$1,300,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$1,250,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$1,200,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$1,200,000 Liquidación estructurada de fraude de productos
$1,100,000 Liquidación estructurada de fraude de productos
$1,100,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$1,100,000 Liquidación de fraude de bonos y fondos de bonos de corredores de bolsa
$1,000,000 Laudo arbitral por fraude en la valoración de acciones
$1,000,000 Liquidación estructurada de fraude de productos

El bufete de abogados de Robert Wayne Pearce P.A., representa a clientes en todos los aspectos del fraude de valores, productos básicos e inversiones y otras cuestiones en una amplia gama de áreas de práctica en litigios judiciales, arbitraje y procedimientos de mediación. Con sede en las oficinas de Boca Ratón, Florida, el abogado de fraude de corredores de bolsa Robert Wayne Pearce y su equipo han manejado cientos de casos de arbitraje y mediación de valores de FINRA, AAA y JAMs para clientes satisfechos ubicados no sólo en la Florida sino en todo el país y en todo el mundo.

MÁS DE 140 MILLONES DE DÓLARES RECUPERADOS PARA LOS CLIENTES Contacte con nuestros abogados para obtener ayuda a nivel nacional

Ayudamos a los inversores, asesores, corredores de bolsa, y proporcionamos defensa regulatoria

Elija sus necesidades de representación:

Conoce a nuestro equipo

Algunos abogados sólo trabajan para vivir: nosotros trabajamos... ¡por la justicia!

El bufete de abogados de Robert Wayne Pearce ha representado a inversores de todo el mundo y de todos los Estados Unidos. Nuestros abogados han recuperado más de 140 millones de dólares para sus clientes inversores en todo tipo de fraude de corredores de bolsa y casos de mala conducta de los corredores de bolsa.

El abogado Headshot

Tamara Hanseder

Paralegal registrado en Florida Trabajando con nuestra firma desde 2011
El abogado Headshot

Monica Duncan

Asistente legal Trabajando con nuestra empresa desde 1996
El abogado Headshot

Diana Cooper

Contador El contable del Sr. Pearce desde 1996

Escuche a nuestros clientes

En las Oficinas Legales de Robert Wayne Pearce, P.A., creemos que el último barómetro de nuestro éxito es superar las expectativas de nuestros clientes.

Los siguientes clientes tienen conocimiento directo de los procesos de nuestra firma desde el interior y experimentaron nuestra feroz defensa.

Escuche a nuestros clientes

  • "Robert Pearce es parte de esa inusual raza de abogados que son capaces de crear empatía con los clientes y adoptar a fondo su causa"

    No hay esfuerzos a medias aquí. Él y su grupo de profesionales son destacados estrategas que pueden ejecutar con un fervor preciso y una determinación inquebrantable. La suya es una enorme ola de hechos, investigaciones, precedentes y preparación, que me ha impresionado por su minuciosidad y creatividad, y lo más importante, por los resultados. Ninguna piedra queda sin remover y nunca se ahorra ningún esfuerzo. En mi libro, él y ellos son los de un tipo muy raro que uno quiere mantener por mucho tiempo.

    - Ramón Flores-Esteves -
  • "Al igual que la canción de HAMILTON, es tan agradable tener a Bob Pearce de tu lado".

    Al igual que la canción de HAMILTON, es tan agradable tener a Bob Pearce de tu lado. Es el abogado consumado del demandante: inteligente, dedicado, totalmente capaz de llevar un caso pero un gran negociador en una mediación. Hizo un trabajo maravilloso para nosotros, apoyándonos completamente a través del proceso y más que mantenerse en contra de un gran bufete de abogados nacional.

    - Maurice Z. -
  • "El Sr. Pearce y su personal superaron todas nuestras expectativas."

    El Sr. Pearce y su personal superaron todas nuestras expectativas. Pudimos llegar a un acuerdo que fue de nuestra completa satisfacción, todo dentro de un proceso muy fluido, profesional y eficiente. El Sr. Pearce es ahora no sólo nuestro abogado, sino también nuestro amigo de la familia. ¡Le recomendamos encarecidamente a él y a su equipo!

    - Severiano L. -
  • "Para la mejor oportunidad de lucha, Robert Pearce es el abogado que quieres en tu esquina."

    Este bufete de abogados es el verdadero negocio. Tuvimos tanta suerte de que aceptaran nuestro caso, ya que tienen tanta experiencia en valores y en todas las fechorías que ocurren en estas compañías de inversión donde te engañan a ti y a tu dinero (como en nuestro caso) en esquemas que no son lo que tú crees que son. El Sr. Robert Pearce es uno de los mejores abogados que hay, un verdadero profesional que luchará por usted y le dirá cómo es todo el tiempo. No podríamos haber pasado por esta experiencia si no fuera por todo el asesoramiento, la orientación y el apoyo que él y todo su personal y asociados aportaron al juego. Para la mejor oportunidad de lucha, Robert Pearce es el abogado que quieres en tu esquina.

    - Astrid M. -
  • "Nunca se sintió intimidado y su estudio del caso y la perseverancia prevalecieron en todo momento".

    El abogado Robert Pearce fue nuestro abogado en un caso contra una firma de corretaje y soy testigo de su capacidad e inteligencia para tratar con los abogados de la firma de abogados más prominente de Nueva York que fue la clave para recuperar gran parte de nuestras pérdidas animadas por su negligencia. Nunca se sintió intimidado y su estudio del caso y perseverancia prevalecieron en todo momento.

    - José A. C. -
  • "Al final, Bob y yo fuimos los últimos en reír cuando los árbitros me concedieron casi 6 millones de dólares."

    Ningún abogado, excepto Bob, dijo que tenía una oportunidad de ganar. Cuando los abogados de UBS se rieron y me ofrecieron cero para resolver la disputa, Bob se determinó aún más para probar que todos estaban equivocados. Bob estaba extremadamente preparado, y siempre un paso adelante de los abogados de la oposición durante todo el arbitraje. Al final, Bob y yo fuimos los últimos en reír cuando los árbitros me otorgaron casi 6 millones de dólares.

    - J. Blanco -
  • "Cada reunión y llamada telefónica se hizo con dedicación y deseo de ayudar a nuestra familia en cada paso del camino."

    El equipo de Robert es excelente. Son muy competitivos en lo que hacen y son muy responsables. Cada reunión y llamada telefónica se hizo con dedicación y deseo de ayudar a nuestra familia en cada paso del camino. Su profesionalismo, responsabilidad y empatía nos aseguraron que estábamos en buenas manos. Recomiende a todos.

    - Mayra A. -

Casos e investigaciones

J.P. Morgan demandó por la supuesta mala conducta de Edward Turley y Steven Foote con respecto a la cuenta de margen.

J.P. Morgan Securities, LLC ("J.P. Morgan") empleó al Asesor Financiero de San Francisco Edward Turley ("Sr. Turley") y a su antiguo socio de la ciudad de Nueva York, Steven Foote ("Sr. Foote"), y está siendo demandado por su presunto fraude de corredor de bolsa y su conducta impropia de corredor de bolsa que implica una estrategia de inversión comercial altamente especulativa en cuentas de margen altamente apalancadas1. Representamos a una familia (los "Demandantes") del sudoeste que construyó un exitoso negocio de manufactura y confió sus ahorros a J.P. Morgan y sus dos asesores financieros para que los gestionaran invirtiendo en "compañías sólidas" y de manera "cuidadosa". Para empezar, es importante que nuestros lectores sepan que las alegaciones de nuestros clientes aún no han sido probadas. Estamos proporcionando información sobre las acusaciones de nuestros clientes y buscando información de otros inversores que hicieron negocios con J.P. Morgan, el Sr. Turley y/o el Sr. Foote y que tuvieron inversiones similares, una estrategia de inversión similar y una mala experiencia similar para ayudarnos a ganar el caso de nuestros clientes.

Sigue leyendo

Las líneas de crédito respaldadas por valores pueden ser más peligrosas que las cuentas de margen.

Las líneas de crédito respaldadas por valores pueden ser más peligrosas que las cuentas de margen. Muchos inversionistas han oído hablar de las cuentas de margen y las historias de horror de otros que invirtieron en el margen y sufrieron pérdidas sustanciales. Pero pocos inversionistas entienden que las cuentas de líneas de crédito respaldadas por valores (SBL), que han sido promovidas agresivamente por las empresas de corretaje en la última década, son tan peligrosas como las cuentas de margen. Esto se debe en gran medida al hecho de que los mercados de acciones y bonos han estado en una tendencia alcista desde 2009 y pocos inversionistas (a menos que usted sea un inversionista de Puerto Rico) han experimentado deslizamientos del mercado que resulten en llamadas de margen debido a la cantidad insuficiente de garantía en las cuentas SBL.

Sigue leyendo

UBS Puerto Rico tergiversa la seguridad de los fondos de bonos para el inversor

El bufete de abogados de Robert Wayne Pearce, P.A. presentó otra demanda contra UBS Financial Services Incorporated of Puerto Rico (UBS Puerto Rico). A continuación se presenta un resumen de las alegaciones que el reclamante hizo contra la empresa de corretaje con sede en Puerto Rico. Si usted o algún miembro de su familia recibió declaraciones engañosas similares y/o declaraciones engañosas de UBS Puerto Rico y sus corredores de bolsa o se encontró con una cuenta sobreconcentrada en fondos de bonos cerrados, o si pidió prestado dinero a UBS Puerto Rico y utilizó sus inversiones como garantía para esos préstamos, es posible que podamos ayudarlo a recuperar sus pérdidas. Comuníquese con nuestra oficina para una consulta gratuita sobre su caso.

Sigue leyendo

Somos un bufete de abogados reconocido a nivel nacional

Con un exitoso historial de recuperación de las pérdidas de inversión

El abogado Pearce es un respetado defensor de los inversionistas en toda la comunidad legal, conocido como un feroz litigante e incansable no sólo en Boca Ratón, sino en toda Florida y en todo el país. Lea su Blog de Derechos de los Inversionistas y descubra la amplitud de sus conocimientos que sólo puede obtenerse con más de 40 años de experiencia legal para usted. Como uno de los más experimentados abogados de arbitraje de valores de la FINRA, el Sr. Pearce conoce todas las opciones disponibles para su caso y las aplicará enérgicamente para asegurar el mejor resultado posible para usted y su caso de fraude y mala conducta de corredor de bolsa. Él ha ganado una calificación de AV Preeminente * a través del proceso de calificación de revisión por pares de Martindale-Hubbell, la calificación más alta disponible a través de ese programa.

El Sr. Pearce es uno de los Súper Abogados de Thomson Reuters Florida ** para Litigios de Valores (Top 5). Lea el artículo sobre él en la revista de Súper Abogados de Florida 2014 titulado: "Sin excusas - Cómo Robert Wayne Pearce miró fijamente un desastre personal".

Durante sus más de 40 años de experiencia en la práctica del derecho de valores y productos básicos, ha ganado numerosos premios y acuerdos millonarios para sus clientes, lo que le ha valido el reconocimiento por su éxito del Million Dollar Advocates Forum y del Multi-Million Dollar Advocates Forum como uno de los mejores abogados litigantes de América TM***.

Al contratar a Robert Wayne Pearce, un abogado con más de 40 años de experiencia ejerciendo en el área de valores, materias primas y fraude de inversiones a ambos lados de la mesa en arbitrajes y litigios en los tribunales, verá claramente su experiencia y conocimientos legales en acción. Al contar con un litigante feroz y un defensor incansable de sus derechos, un abogado que identificará rápidamente tanto las fortalezas como las debilidades de su caso, seguramente aumentará las probabilidades de ganar su caso.

Blog legal

Qué hace un abogado de valores

The term “securities” encompasses several forms of financial instruments that hold some type of monetary value. Securities exist in the form of: Stocks, Bonds, Options, Notes, Certificates of interest, Collateral trust certificates, Transferable shares, and Investment contracts. Consumers and financial professionals trade securities in financial markets in an attempt to generate profits.  The law regulating securities and financial industry professionals exists to protect investors and shareholders from misconduct and enforce compliance with federal and state securities laws. Securities laws evolve rapidly to keep pace with developments in financial markets. This is where securities lawyers come in. What Does a Securities Lawyer Do? A securities lawyer specializes in securities laws and regulations that apply to investors, brokers, and financial advisors. Securities lawyers represent investors claiming losses as a result of misconduct or fraud, as well as brokers and financial advisors accused of misconduct by their clients or their employers. Investment Losses? Let’s talk. or, give us a ring at 561-338-0037. Attorney Robert Pearce has over 40 years of experience as a securities lawyer and has been named a Florida Super Lawyer through Thomson Reuters for Securities Litigation. The Super Lawyer title is awarded only to those in the top 5% in their area of law. Robert’s extensive knowledge of securities law and experience representing investors and financial professionals equip him to obtain the best results for each and every client. When Should an Investor Hire a Securities Lawyer? If you are an investor who suffered losses due to broker misconduct, you have the right to seek reimbursement from the parties responsible. Broker misconduct exists in multiple forms, including: Breach of fiduciary duty; Failure to disclose a conflict of interest; Churning, also known as excessive trading; Lack of diversification; Failure to adequately supervise; Misrepresentation; Omission of material facts; Unsuitable investment recommendations; Unauthorized trading; and  Misappropriating client funds.  While some forms of broker misconduct are easy to recognize, others are not. A financial advisor who stole funds out of your account and transferred them to a personal account clearly misappropriated your funds and committed misconduct. It’s more difficult to prove that a financial advisor recommended unsuitable investments, however, because the suitability of an investment depends on a number of different factors.  If you suffered investment losses and believe it was a result of broker misconduct, contact a securities lawyer today to evaluate your case.  The FINRA Arbitration Process FINRA is a self-governing regulatory agency charged with ensuring its members comply with the ethical rules of the financial industry and investigating investor complaints alleging misconduct and fraud. FINRA can impose fines and restrictions on brokers when necessary. Many investment contracts between brokers and investors include an arbitration provision that requires investors to file claims with FINRA. The FINRA arbitration process involves several steps, including: Filing a statement of claim; Selecting arbitrators; Participating in pre-hearing conferences and discovery; and Attending the arbitration hearing. Robert Pearce has represented hundreds of clients in the FINRA arbitration process. He is committed to obtaining the best results for his client in every case.  When Should a Financial Professional Hire a Securities Lawyer?  Brokers and investment advisors facing disputes with their brokerage firms or regulators should consider seeking the advice of a securities lawyer. We have represented investment professionals in investigations and administrative proceedings initiated by the: United States Securities and Exchange Commission (SEC); Financial Industry Regulatory Authority (FINRA); United States Commodities Futures Trading Commission (CFTC); and Certified Financial Planner Board of Standards (CFP Board). Regulatory judgments against financial professionals can result in serious consequences, including being barred from the financial industry. You should seek the counsel of a securities lawyer as soon as possible after being contacted by any securities regulatory agency.  The securities lawyers at The Law Offices of Robert Wayne Pearce, P.A., represent brokers and advisors in employment agreement disputes and in employment disputes involving discrimination. Additionally, our securities attorneys represent brokers and advisors against their employers in the event of Form U-5 Abuse, which occurs when an employer uses a Form U-5 to blackmail a former employee.  Contact The Law Offices of Robert Wayne Pearce, P.A., Today Robert has over 40 years of experience representing clients in securities disputes and has won multiple million-dollar awards on their behalf. We operate on a contingency fee basis. That means you have to pay for your legal representation only in the event of a settlement or award. When you suffer losses through no fault of your own, having an experienced securities lawyer in your corner can increase your chances of recovery. Contact our office today for a free case review.

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Qué es el abuso financiero de los ancianos: Las señales a las que debe prestar atención

Growing up, one of the lessons we’re all taught is to respect our elders. Unfortunately, many people fail to take this to heart. Unscrupulous family members and other bad actors often take advantage of senior citizens, especially when it comes to their finances. According to one study, financial elder abuse accounted for roughly 18% of elder abuse reports. However, the actual percentage is likely much higher; only about 1 in 44 financial abuse cases is ever reported. Because many elderly people live off of their investments, the consequences of this type of abuse can be particularly extreme. The best way to protect our elderly family members is to know the signs of financial elder abuse. By recognizing the abuse as soon as possible, we can hopefully prevent irreversible damage to their finances. What Is Elder Financial Abuse? Elder financial abuse is theft or mismanagement of an elderly person’s assets. These may include real estate, bank accounts, or other property that belongs to the elderly person. Because the abuser is often a close family member, or trusted financial advisor, elder financial abuse frequently goes unnoticed. Investment Losses? Let’s talk. or, give us a ring at 561-338-0037. Sign #1: Unusual Bank Account Activity As they get older, many people grant financial powers of attorney to their spouse or adult children or trusted financial advisors. While this is perfectly normal, it opens up the possibility that the designated person may abuse that power. If you suspect elder financial abuse, pay close attention to the elderly person’s bank accounts and investments in their brokerage accounts. Withdrawals, transfers, or other suspicious activity like new or inactive accounts suddenly becoming active are red flags. The elderly person may be making these transfers themself, but it’s always good to be sure, since it could be for the wrong reasons (like the internet scams discussed below). Keep an eye on their investments as well. An elderly person’s portfolio is typically structured to provide a livable income off interest alone through low-risk investments. Keep an eye out for restructuring of investments to riskier funds or unexplained “cash outs.” Sign #2: Suspicious Internet Activity Over the past few years, there has been a drastic increase in the number of online scams targeting elderly people. Because elderly people are more trusting and less able to distinguish a scam from a legitimate venture, scammers frequently target them with fake tech support calls and the like. One of the most common online scams involves the scammer posing as a lover, friend, or family member online. After contacting the elderly victim, the scammer then requests money for plane tickets or some kind of emergency. This sign may be impossible to notice without speaking to the potential victim. Be wary if they mention someone new they met online or if you notice suspicious financial activity initiated by the victim. Sign #3: Missing Food or Unpaid Bills Ordinarily, caregivers or family members will make sure that an eldery person’s home is stocked with food and that bills are paid on time. Especially in a world with automatic bill payments, aging parents shouldn’t have to worry about paying their bills on time. A lack of food in the house and unpaid bills are indicators that that money is going elsewhere. Sign #4: Frequent Requests for Money by Someone Close to the Victim If someone makes frequent demands for money, that could be an indicator of financial exploitation. Anyone from neighbors to adult children may try to make frequent requests for money because they know the victim may have a poor memory or may have difficulty saying no.  Keep in mind that elder financial abuse like this is often subtle. Demands may not always be for large amounts of cash; this sign also includes polite requests for small amounts here and there. Over time, however, those “small amounts” can become exploitative. Sign #5: Payment for Unnecessary Services Door-to-door salesmen and “cold callers” may try to a upsell your elderly family member on services they don’t want or need. One common example of door-to-door sales abuse is roof repair or landscaping work. Cold callers barrage elderly at home with the next best investment in gold, silver, diamonds, and the next supposed Apple, Amazon, or Nextflix investment opportunity  to get into before its too late! These scams can take many different forms and may be difficult to spot. Sign #6: Threats or Coercion It may be difficult to imagine, but people may threaten their elderly family members to obtain money. These threats usually do not involve force, but rather things like, “I will put you in a home” or “I will stop visiting you.” If you don’t buy this stock, I’ll never call you again with any investment opportunities.  The abuser may also instruct the victim not to tell anyone what is happening. As a result, you’ll often have to pay close attention to spot this sign of elder financial abuse. Watch for a change in the elderly person’s demeanor or mood, especially around a suspected abuser.  What to Do If You Suspect Elder Financial Abuse If you suspect your loved one is the victim of elder financial abuse, there are a couple things you can do. If there is a health emergency, call 911 immediately; calling state adult protective services may also be appropriate in some circumstances. In most cases, your next step should be contacting a financial elder abuse attorney. They can provide legal advice and support to help stop the abuse and may be able to help the victim recover lost assets. Elder Financial Abuse and Financial Fraud Attorneys At the Law Offices of Robert Wayne Pearce, P.A., we have the experience and resources necessary to properly handle your elder financial abuse claim. We’ve helped hundreds of clients with securities and investment fraud of all kinds and are prepared to give you the professional, dedicated representation you need. Contact us today through our website or by phone at 800-732-2889 for a free consultation.

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Fraude de valores: Lo que debe saber como inversor

Investors trust their financial advisors to make important and wise decisions regarding the management of their investment portfolio. Financial advisors hold a position of trust with their clients, and clients expect their advisor to act with the client’s goals in mind. Unfortunately, advisors frequently violate the trust of their clients by committing various forms of securities fraud. It is important to note that suffering losses on your investments, by itself, is not a form of securities fraud. Securities fraud involves the deception of investors or the manipulation of financial markets through illegal methods. If you suffered investment losses but don’t know if you have a claim for securities fraud, our securities fraud lawyers at The Law Offices of Robert Wayne Pearce, P.A., are ready to help. Contact us today to get started on your case. What Is Securities Fraud? Securities fraud, also known as investment fraud and stock fraud, is the deception of investors or the manipulation of financial markets through illegal methods. Investors who suffer losses as a result of securities fraud can seek to recover their losses. Investment Losses? Let’s talk. or, give us a ring at 561-338-0037. Common Forms of Securities Fraud Securities fraud occurs in multiple different ways, making it even more difficult to recognize. Victims of securities fraud often suffer steep losses as a result of the fraud. Fortunately, victims of securities fraud can seek to recover their losses. So, what is securities fraud? Below are some of the most common forms of securities fraud.  Misrepresentations and Misleading Statements Misrepresentation is the most common type of securities fraud. It involves a false statement about an investment in a company; for example, a company that supposedly has earnings, a revolutionary product, or multi-million dollar contract when it has none of those assets. Misleading statements arise by omission; such as, using the same examples, when the financial advisor fails to tell you the earnings surprise was a one time past event, the revolutionary product can’t be patented, or the multi-million dollar contract is with another company about to file bankruptcy. Undoubtedly, those missing facts would have made all the difference to you in making your investment decision. The fraudster doesn’t care, he/she lies or misleads you to just get you to part with your money so he/she makes a commission. If you relied upon that intentionally false statement or misleading statement and made that investment, you have the right to claim securities fraud under federal and state statutes as well as ordinary common law fraud. But the securities fraud statutes usually have statutory remedies, including, prejudgment interest on the full purchase price from the date of purchase and attorney fees, to fully compensate you for your loss. The only problem with securities fraud statutes is they generally come with short statutes of limitation and so, you need to act fast and file suit quickly to take advantage of them. Ponzi-Like Schemes Ponzi schemes involve promises of high returns with little risk for investors, a staple of many forms of securities fraud. However, instead of issuing returns to investors out of profits, the funds of new investors are paid to early investors. Thus, Ponzi scheme victims receive guarantees of returns regardless of market conditions.  Ponzi schemes fall apart once there are no new investors providing funds. Companies operating Ponzi schemes focus the majority of their efforts into advertising to new investors to keep the scheme afloat.  Well-known financier Bernie Madoff was convicted of running the largest Ponzi scheme in history after evidence showed that Madoff falsified trading reports to indicate clients were earning profits on investments that did not exist. Madoff received a 150-year sentence in federal prison after pleading guilty. Embezzlement Embezzlement refers to the misappropriation of assets by a person entrusted with those assets. An embezzler possesses the assets lawfully at the outset, but once the assets are used for unintended purposes, embezzlement has occurred.  For example, financial advisors placed in charge of clients’ accounts possess authority to conduct transactions in the accounts, subject to some limitations. A financial advisor who steals assets entrusted to him or her by a client commits embezzlement.  Advance Fee Schemes Advance fee schemes target all kinds of victims and are becoming more prevalent with the rise of internet scams. Con artists operating advance fee schemes require the victim to pay an “advance fee” in anticipation of receiving something—such as a service, a product, or an investment opportunity—of greater value in return. The scheme operator convinces the victim to provide the fee, then subsequently informs the victim that he or she is ineligible for whatever was offered after the fee is paid. The victim is unable to recover the fee that was paid. To avoid suffering losses due to an advance fee scheme, take precautions before conducting business with a company you have never heard of. Providing any payment amount to a person or company you are unfamiliar with is a risky practice. When in doubt, speak to an experienced securities fraud attorney to determine whether the investment opportunity is fraudulent.  Pump and Dump Fraud A pump and dump scheme, also referred to as market manipulation, occurs when a group of fraudsters post content on the internet enticing investors to purchase a stock as soon as possible.  The fraudsters claim to have insider information regarding the product that will result in a jump in the share price of the stock. The fraudsters post content in multiple forums in an attempt to entice as many new investors as possible. Once investors purchase shares of the stock, the fraudsters sell their shares, resulting in a dramatic dip in the share price. New investors, lacking awareness of any fraudulent conduct, suffer the losses.  Pump and dump schemes began primarily through cold calling. However, the internet and social media provide fraudsters a more efficient way to attempt the scheme. Insider Trading Insider trading involves the use of “non-public, material information” to buy or sell stocks. Non-public material information includes any information that could substantially impact an investor’s decision...

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