Are You Dealing with Investment Fraud?
When you hire a firm or financial advisor to manage your investments, you expect them to do so with your best interests in mind.
Unfortunately, however, that is not always the case.
In fact, investment fraud occurs more than you might think.
Investment fraud is a white-collar crime that involves fraudulent schemes designed by brokers that are used to gain finances from unsuspecting investors.
This frequently looks like seemingly trustworthy advisors misrepresenting information for their own benefit. These “bad brokers” then take advantage of their trusting clients who have put their hard earned money into the hands of their advisors.
You may think this could never happen to you. But investment fraud is often difficult to identify.
Sometimes, you don’t realize you’ve been defrauded until it’s too late.
If you believe you are dealing with investment fraud, you should strongly consider hiring an investment fraud lawyer. The quicker you reach out, the quicker you can begin the process of recovery. The Law Offices of Robert Wayne Pearce, P.A., offers free consultations. Give us a call at 561-556-2927. Let’s discuss your case and see what we can do to help you get the compensation you need and deserve.
Don’t Wait—Learn How an Investment Loss Attorney Can Help You Recover Today
If you have suffered financial losses due to the fraudulent activities of a brokerage firm who was entrusted with your investments, don’t wait any longer.
Contact an investment fraud lawyer today.
For over 40 years, the Law Offices of Robert Wayne Pearce, P.A., has represented both defrauded investors and brokers or fiduciaries wrongly accused of regulatory violations.
Investment, securities, and stockbroker fraud lawyer Robert Wayne Pearce has experience handling all types of investment-related disputes, and he is prepared to help you too.
Not All Investment Fraud Lawyers Are Created Equally
Investment fraud is a serious violation of your rights. And for such a serious violation, you need a serious investment loss lawyer.
However, not all investment fraud lawyers are created equal.
A stock lawyer is not the same as a stock fraud lawyer. An investment attorney is not the same as an investment fraud lawyer. And a securities lawyer is not the same as a securities fraud lawyer.
When you lose money at the hands of a brokerage firm you entrusted with your investments, you need an attorney who knows how to handle investment fraud and can help you get your money back.
Likewise, if you are a broker or fiduciary who has been accused by federal agencies of noncompliance with regulatory requirements, you need a competent attorney to defend you.
Not all attorneys are equipped to do these things, but Attorney Robert Wayne Pearce is.
The Law Offices of Robert Wayne Pearce have a primary focus on investment fraud cases.
Our main areas of practice include:
- Suing brokerage firms to get money back for investment clients who have been defrauded;
- Representing brokers in wrongful termination and other employment disputes; and
- Regulatory defense.
We know selecting an attorney to take on your investment fraud case is no easy task. Here are a few reasons why we think the Law Offices of Robert Wayne Pearce, P.A., is the investment fraud law firm for you.
Did You Know . . . Attorney Robert Pearce Has Single-Handedly Collected Over $125 Million On Behalf of His Clients
In the last 20 years alone, Robert Pearce has recovered over $100 million for his investor clients. In fact, he has recovered funds for over 99% of his investor clients through various avenues of recovery, including settlements, arbitrations, and court litigation.
No investment fraud firm can ever guarantee the same or similar results in any given case. However, when you hire the Law Offices of Robert Wayne Pearce, P.A., you can sleep well knowing you are in qualified and capable hands.
Robert Pearce will fight for your rights day in and day out to get you the recovery you are entitled to.
Did You Know . . . Some Stockbroker Fraud Attorneys Inflate Their Experience by Combining the Number of Years of Experience for Each Attorney On Staff.
Attorney Robert Pearce has been personally recovering money for his clients for over 40 years.
When your livelihood is on the line, experience can be one of the most vital attributes in an investment fraud attorney. Robert Pearce has the experience you will surely need to navigate the complexities of an investment fraud case.
Don’t settle for less than the absolute best—it’s what you need and deserve!
Did You Know . . . You Can Speak to Attorney Robert Pearce About Your Case for FREE
We know what’s at stake in an investment fraud case. You’ve already lost so much at the hands of those you thought you could trust.
That’s why it won’t cost you anything to speak to Robert Pearce about your claim. He will work for you on a contingency fee basis. This means that you do not have to pay our firm any fees unless and until we win your case.
Suffering a loss in an investment fraud scheme can be traumatic enough. Attorney Robert Pearce is here to help you recover your losses. So contact us today at (561) 338-0037 for your free, no-obligation consultation to discuss your case and legal options moving forward.
Our No-Pressure Policy
We understand if you’re not ready to discuss your case quite yet. Below, you will find resources related to investment and stockbroker fraud to help you learn more while you continue to consider your options.
When you are ready to take the next steps, we will be ready too. When the time is right for you, please don’t hesitate to reach out for a review of your case.
Common Questions About Investment Fraud Answered
Being defrauded by a brokerage firm whom you thought you could trust can be difficult. The aftermath can be financially devastating and emotionally traumatizing. You may not know who to turn to, and you may have many questions.
But know there are ways to recover. We want to help you get the answers you need so you can begin the process of moving forward.
What Is Investment Fraud?
Investment fraud occurs when an entity, such as a brokerage firm, takes your money with the promise of investing it and instead uses it for other purposes, resulting in monetary loss. Investment fraud schemes are often characterized by offers of guaranteed returns and low- to no-risk investments.
If an investment appears too good to be true, it might be. Contact an investment loss attorney today to see if you might be the victim of an investment fraud scheme.
What Are Common Types of Investment Fraud?
One common type of investment is securities fraud, which includes fraud involving stocks, bonds, and mutual funds.
In this type of scam, the fraudster either sells worthless securities or securities that do not exist. Typically the fraudster will tell the investor that the security will earn significant funds, producing fabricated documents to further their scheme.
Another type of investment fraud is a Ponzi scheme. A Ponzi scheme is a scam that promises high rates of return for investors with little risk.
When new investors provide investment funds, those funds are used to pay returns to earlier investors. However, when there are no new investors, returns are no longer paid. Ponzi schemes are similar to what are known as “pyramid schemes,” both of which are based on using new investor funds to pay earlier backers.
Other common types of investment fraud might involve:
- Breach of fiduciary duty,
- Churning or excessive trading,
- Unsuitable investments,
- Theft and forgery,
- Unauthorized discretionary trading, and
- Market manipulation fraud.
No matter the scenario, if you have suffered monetary loss at the hands of a broker, contact an investment fraud attorney today to get the representation you need to get back what was wrongfully taken from you.
What Types of Stockbroker Fraud Do You Handle?
Regardless of the investment fraud issue you are facing, the Law Offices of Robert Wayne Pearce, P.A., is prepared to handle your case.
Examples of investment fraud disputes we have handled include:
- Fraud and misrepresentation,
- Negligence and breach of fiduciary duty,
- Mismanagement of trusts,
- Mismanagement of investment accounts,
- Unsuitable investments,
- Failure to diversify,
- Failure to supervise, and
- Broker or advisor misconduct.
If you have lost money due to the wrongful, fraudulent, or negligent actions of the broker or advisor entrusted to handle your investments, Robert Pearce can help you through the process of seeking the recovery you deserve.
What Are My Rights as a Customer of a Financial Advisor?
As the customer of a financial advisor, it is important to note that you have rights.
When you invest, you have a right to:
- Request information about the risks, obligations, and costs of your investments;
- Receive investment recommendations that are consistent with your financial needs and objectives;
- Receive statements that are accurate and understandable; and
- Discuss any problems, issues, and discrepancies with your financial advisor.
Your relationship with your financial advisor should be ongoing, transparent, and trusting. If your advisor fails to provide you with consistent, sufficient, and accurate information, or if something just doesn’t feel right, contact a skilled investment fraud attorney today to see what options you may have.
What Rules & Regulations Do Financial Advisors Have to Abide By?
Stockbrokers are subject to the Financial Industry Regulatory Authority’s (FINRA) suitability rules.
According to FINRA Rule 2111, a broker must have a reasonable basis to believe that a recommended transaction or investment strategy is “suitable” for the client.
There are three primary suitability obligations for firms and associated persons:
- Reasonable-basis suitability,
- Customer-specific suitability, and
- Quantitative suitability.
These suitability obligations are imperative to ensure that investment customers are protected and receive fair and ethical investment services.
Additionally, under the Investment Advisers Act of 1940, firms who receive compensation for advising others about securities investments must register with the SEC and conform to certain regulations. These regulations were put in place to protect investors.
Under the Act, your registered investment advisor (RIA) owes you certain fiduciary duties.
Your RIA owes you independent duties to:
- Provide advice that is in your best interest;
- Seek the best execution for your investments; and
- Provide you advice and monitoring over the course of your relationship.
These rules and regulations are extremely important. However, accusations by federal agencies such as FINRA or the SEC for violations of these rules and regulations do not always have merit.
If you are a broker or investment professional that has been wrongfully accused of regulatory noncompliance, a regulatory defense attorney can help you fight back.
What Kind of Compensation Am I Entitled To?
Each year in the United States, thousands of investors lose valuable, hard-earned money due to investment fraud. While it can be discouraging to fall victim to an investment fraud scheme, don’t give up hope. There are ways you can recover.
When an investor suffers losses to their investment accounts due to the negligence or misconduct of a broker, that investor can bring a civil lawsuit or file an arbitration claim to recover those losses.
The facts and circumstances of your individual case will affect the extent to which you may be able to receive compensation. But an experienced investment fraud lawyer can help you determine how and what you may be entitled to recover.
What Should I Do If I’ve Sustained Losses from Investment Abuse?
If you have sustained losses due to investment abuse, it is time to take action now.
Your investments are vital to your future. When an advisor or broker takes advantage of you and your investments, you are entitled to compensation. Contact an investment fraud attorney today to begin the process toward financial recovery and peace of mind.
You might be tempted to seek advice from your financial advisor after you have sustained investment losses. However, they will likely tell you that markets are volatile and losses are to be expected. While this is true to an extent, an advisor acting in bad faith will say this no matter what in an attempt to cover their own fraudulent actions.
An investment fraud lawyer can provide you with an objective, non-biased analysis to help you determine whether something more sinister is at play.
Past Investor Recoveries
The Law Offices of Robert Wayne Pearce, P.A., has helped recover millions of dollars in valuable compensation for defrauded investors. Below are some notable victories in past investor recoveries.
$21,041,285 Federal Court Final Judgment
In 2010, Robert Pearce won a case in federal court for $21,041,285. The final judgment was entered against the defendant for fraud, breach of fiduciary duty, and civil theft pursuant to Florida Statutes Sections 812.014 and 772.11.
$7,840,000 FINRA Arbitration Settlement
In this FINRA arbitration, Robert Pearce effectuated the resolution of the case through mediation on the eve of trial. This case involved a complex options trading strategy in the oil and gas sector against one of the largest Midwest broker-dealers in the United States.
$4,300,000 Federal Court Class-Action Settlement
Robert Pearce represented investors in a class-action lawsuit against accounting and legal professionals for allegedly aiding and abetting a Ponzi scheme.
After years of litigation and removal from state to Federal court, the lawsuit was finally resolved through mediation in 2017. The investors were awarded more than $4.3 million to the receivership for the benefit of the investors.
Attorney Robert Pearce has tried over 100 cases to trial verdict or arbitration award in his career. In this time, he has lost only four cases for investors, gaining the trust and respect of countless happy clients.
Whether your case results in trial verdict, arbitration, or settlement, the Law Offices of Robert Pearce, P.A., will fight for your rights and do everything in its power to get you the results you deserve.
Hear From Our Clients
At The Law Offices of Robert Wayne Pearce, P.A., we believe the ultimate barometer of our success is surpassing the expectation of our clients.
The following clients have direct knowledge of our firm's processes from the inside and experienced our fierce advocacy.
Hear From Our Clients
- “Robert Pearce is part of that unusual breed of lawyers that are able to create empathy with clients and thoroughly adopt their cause”
No half efforts here. He and his group of professionals are outstanding strategists that can execute with precise fervor and unyielding determination. Theirs is a huge wave of facts, research, precedents and preparation, that has impressed me in its thoroughness and creativity, and most importantly with the results. No stone goes unturned and no effort is ever spared. In my book, he and they are those of a very rare kind that one wants to keep for a very long time.- Ramon Flores-Esteves -
- “Just like the song from HAMILTON, it's so nice to have Bob Pearce on your side.”
Just like the song from HAMILTON, it's so nice to have Bob Pearce on your side. He is the consumate plaintiff's lawyer: smart. dedicated, fully able to try a case but a great negotiator in a mediation. He did a wonderful job for us, fully supporting us through the process and more than holding his own against a large national law firm.- Maurice Z. -
- "Mr. Pearce and his staff exceeded all of our expectations."
Mr. Pearce and his staff exceeded all of our expectations. We were able to reach a settlement that was of our complete satisfaction, all within a very smooth, professional and efficient process. Mr. Pearce is now not only our lawyer but our family friend. We highly recommend him and his team!- Severiano L. -
- "For the best fighting chance, Robert Pearce is the lawyer you want in your corner."
This law firm is the real deal. We were so lucky that they took our case as they have so much experience in securities and all the wrongdoing that happens in these investment companies where they mislead you and your money (as in our case) into schemes that are not what you think they are. Mr. Robert Pearce is one of the best lawyers around, a truly professional who will fight for you and will tell you as it is all the time. We could not have gone thru this experience if it was not for all the advice, guidance and support he and all of his staff and associates brought to the game. For the best fighting chance, Robert Pearce is the lawyer you want in your corner.- Astrid M. -
- "He never felt intimidated and his study of the case and perseverance prevailed at all times."
Attorney Robert Pearce was our lawyer in a case against a Brokerage Firm and I'm witness to his ability and intelligence to deal with lawyers from the most prominent law firm in New York which was the key to recovering much of our losses cheered by their negligence. He never felt intimidated and his study of the case and perseverance prevailed at all times.- Jose A. C. -
- "In the end, Bob and I had the last laugh when the arbitrators awarded me almost 6 million dollars."
No lawyer except Bob said I had a chance of winning. When UBS Lawyers laughingly offered me zero to settle the dispute, Bob became even more determined to prove everybody wrong. Bob was extremely prepared, and always a step ahead of the opposing attorneys throughout the arbitration. In the end, Bob and I had the last laugh when the arbitrators awarded me almost 6 million dollars.- J. Blanco -
- "Every meeting and phone call was made with dedication and desire to help our family every step of the way."
Robert's team is excellent. They are very competitive in what they do and they are very responsible. Every meeting and phone call was made with dedication and desire to help our family every step of the way. Their professionalism, responsibility and empathy assured us that we were in good hands. Recommend to everyone.- Mayra A. -