Las Vegas Investment Fraud Lawyer, Securities Law Firm, FINRA & Broker Disputes Attorney
Las Vegas investors who have suffered financial losses from stockbroker misconduct, unsuitable investments, or deceptive financial practices can seek recovery through the Law Offices of Robert Wayne Pearce, P.A.
Our Las Vegas investment fraud attorney team represents clients throughout Nevada in securities fraud matters involving FINRA arbitration, regulatory investigations, and civil litigation against broker-dealers and registered investment advisors.
The Law Offices of Robert Wayne Pearce, P.A. can represent both individual and institutional investors in disputes before the Financial Industry Regulatory Authority (FINRA), the American Arbitration Association (AAA), and in Nevada state and federal courts. Common case types include misrepresentation, churning, overconcentration in risky assets, margin trading violations, and breach of fiduciary duty.
How Our Las Vegas Securities Fraud Lawyers Can Help Nevada Investors
Las Vegas investors face unique challenges in Nevada’s dynamic financial market, where entertainment industry wealth meets retirement savings and real estate investments. The Law Offices of Robert Wayne Pearce, P.A. can investigate broker misconduct, navigate Nevada securities regulations, and pursue recovery through arbitration or litigation.
Unsuitable Investment Recommendations
Nevada Revised Statutes (NRS) Chapter 90 and FINRA Rule 2111 prohibit recommendations that ignore an investor’s risk tolerance and financial goals. Our attorneys can review account documents and trading patterns to demonstrate when a broker violated their suitability obligations.
Misrepresentation and Material Omissions
NRS 90.570 makes it unlawful to make untrue statements of material fact or omit necessary information when selling securities. We can file FINRA complaints to seek rescission or damages when brokers misrepresent investment risks or characteristics.
Churning and Excessive Trading
Commission-driven trading violates both FINRA’s quantitative suitability standards and Nevada law. The Law Offices of Robert Wayne Pearce, P.A. can analyze trading data to prove when excessive transactions served only to generate commissions rather than benefit the investor.
Margin Account Abuse
FINRA Rule 4210 establishes margin requirements, while Nevada regulations require proper disclosure of margin risks. We can calculate damages from improper margin calls, forced liquidations, or inadequate risk warnings.
Breach of Fiduciary Duty
NRS 90.575 establishes fiduciary duties for broker-dealers and investment advisors in Nevada. Our lawyers can pursue claims when financial professionals prioritize their own interests over their clients’ well-being through hidden conflicts or self-dealing.
Overconcentration in Single Investments
Placing excessive portfolio weight in one security or sector contradicts prudent investment standards. We can compare your holdings to properly diversified portfolios to quantify losses from overconcentration.
Failure to Supervise
FINRA Rule 3110 requires brokerage firms to maintain supervisory systems. If a Las Vegas branch office ignores warning signs of misconduct, we can hold the firm itself accountable for supervision failures.
Ponzi Schemes and Investment Fraud
NRS 90.650 makes securities fraud a category B felony in Nevada, with civil remedies available to victims. Our team can trace fraudulent transfers, work with regulators, and pursue recovery from all responsible parties.
Elder Financial Exploitation
Nevada provides strong protections for seniors through NRS 41.1395, which allows double damages for elder exploitation. We can work with families to recover assets misappropriated from vulnerable adults age 60 and older.
Unregistered Securities Sales
Selling unregistered securities violates NRS 90.460, giving investors the right to rescind purchases or seek damages. Our lawyers can pursue recovery for losses from unregistered crypto assets, private placements, or promissory notes.
Common Investment Fraud Schemes in Las Vegas
Las Vegas presents unique investment fraud risks due to its concentration of high-net-worth individuals, retirees, and entertainment industry professionals. Common schemes targeting Nevada investors include casino-related investment scams, fake real estate syndications, and precious metals fraud.
The transient nature of Las Vegas’s population can make investors vulnerable to affinity fraud and Ponzi schemes. Out-of-state retirees relocating to Nevada may encounter aggressive sales tactics for unsuitable annuities or high-commission products.
Nevada Securities Regulations and Investor Protection
The Nevada Secretary of State’s Securities Division enforces state securities laws to protect investors. Key provisions include NRS 90.570’s anti-fraud protections and NRS 90.310’s broker licensing requirements.
Nevada law provides a two-year statute of limitations from discovery for securities fraud claims under NRS 90.660. FINRA arbitration claims must be filed within six years of the occurrence giving rise to the claim.
Important Nevada Regulatory Contacts
Nevada Secretary of State – Securities Division serves as the primary state regulator. The FINRA District Office handles arbitration proceedings for Nevada investors.
Federal cases involving securities fraud are heard at the Lloyd D. George Federal Courthouse in Las Vegas. State securities matters proceed through the Eighth Judicial District Court.
Act Quickly to Protect Your Rights
Time limits apply to investment fraud claims in Nevada. Securities fraud claims expire two years after discovery, while FINRA bars most claims after six years from the event.
Contact our Las Vegas investment fraud attorneys at the Law Offices of Robert Wayne Pearce, P.A. for a free case evaluation. We can review your situation and explain potential recovery strategies specific to Nevada law.
Why Choose Our Securities Arbitration Attorneys
We understand the complexities of both state and federal securities regulations. Our team can navigate FINRA arbitration procedures while also pursuing remedies under Nevada’s investor protection statutes.
FAQs About Las Vegas Investment Fraud Cases
What types of investment fraud are most common in Las Vegas?
Las Vegas investors frequently encounter Ponzi schemes, unsuitable annuity sales to retirees, and unregistered securities offerings. The city’s gaming and entertainment industries also create unique fraud risks involving casino-related investments and celebrity endorsement schemes.
How long do I have to file an investment fraud claim in Nevada?
Nevada law provides two years from discovery to file securities fraud claims under state law. FINRA arbitration claims must be filed within six years of the occurrence, though some exceptions may apply for ongoing fraud or concealment.
What are the attorney fees for securities fraud cases?
Most investment fraud cases are handled on a contingency fee basis, meaning you pay attorney fees only if we recover compensation. Initial consultations are free, and we can discuss fee arrangements based on your specific situation during your case evaluation.
Contact Our Las Vegas Investment Fraud Lawyers Today
Don’t let securities fraud destroy your financial future. The Law Offices of Robert Wayne Pearce, P.A. can evaluate your case and pursue recovery through all available legal channels.
Call our Las Vegas investment and securities fraud lawyers at (800) 732-2889 or complete our online consultation form to speak with an attorney today. All consultations are free and confidential.