Utah Stockbroker and Investment Fraud Attorney Robert Wayne Pearce and his legal team at the Law Offices of Robert Wayne Pearce, P.A. specialize in representing investors who have suffered losses due to stockbroker and financial advisor misconduct throughout Utah.
Too often, we have heard from victims of affinity fraud in Utah with men gaining their religious followers trust solely through their church ties. We understand the frustration and stress that comes with being a victim of investment fraud, and we are here to help you navigate the legal process and hold those responsible accountable.
Since 1980, we have been devoted to helping investors and have successfully recovered over $175 million in settlements and verdicts on their behalf. View client testimonials here.
We have experience handling all types of securities fraud cases and utilize all available legal avenues from the federal level to Utah law as it applies to investment fraud cases.
Don’t let investment fraud from a bad stockbroker or advisor ruin your financial future – contact the Law Offices of Robert Wayne Pearce, P.A. today via our quick-response form, or call our Salt Lake City office line at (800) 732-2889.
How a Utah Investment Fraud Attorney Can Help You
If you’ve suffered losses due to investment or securities fraud, the Utah investment and stockbroker fraud attorneys at the Law Offices of Robert Wayne Pearce, P.A. can help you understand your rights, investigate your claims, and pursue recovery.
Broker Misrepresentation and Fraudulent Statements
Misrepresentation involves brokers providing false or misleading information about investments, leading investors into decisions causing significant financial harm. Under the Utah Uniform Securities Act (Title 61, Chapter 1), investors have protection against such deceptive practices. If you suspect fraudulent misrepresentation, our experienced investment fraud attorneys can evaluate your case, identify violations, and potentially help you recover lost funds.
Excessive Trading (Churning)
Churning occurs when brokers excessively trade in an investor’s account to generate commissions, disregarding the investor’s financial goals and best interests. FINRA Rule 2111 prohibits such unsuitable transactions. The investment fraud lawyers at the Law Offices of Robert Wayne Pearce, P.A. have extensive experience analyzing trading patterns to uncover churning and can assist in holding negligent brokers accountable.
Unauthorized Trading
Unauthorized trading happens when brokers execute transactions without the investor’s consent. This practice is illegal under the Utah Uniform Securities Act, specifically Utah Code § 61-1-1. Our attorneys are skilled in tracing unauthorized transactions and may help you recover losses through arbitration or litigation.
Broker Negligence and Breach of Fiduciary Duty
Brokers and financial advisors owe investors a fiduciary duty, meaning they must act in the investor’s best interests. Violating this duty can lead to significant investor harm. The Utah Revised Business Corporation Act reinforces this responsibility. Our investment fraud attorneys can review your broker’s actions and potentially recover compensation for breaches of fiduciary duty.
Ponzi Schemes and Pyramid Schemes
Ponzi schemes and pyramid schemes promise high returns with minimal risk but ultimately collapse, causing severe losses. These are specifically addressed and prohibited under Utah Code § 61-1-1. The lawyers at the Law Offices of Robert Wayne Pearce, P.A. have successfully pursued recovery in numerous complex cases, often recovering significant compensation for affected investors.
Unsuitable Investment Recommendations
Brokers must recommend investments suited to an investor’s risk tolerance, financial goals, and situation. Unsuitable recommendations are violations under FINRA Rule 2111 and Utah securities regulations. Our attorneys can help determine if recommendations were unsuitable and take action to recover your investment losses.
Theft of Investment Funds or Securities
Theft and conversion of investment funds or securities constitute severe securities fraud, criminally actionable under Utah criminal statutes, including Utah Code § 76-6-404. The investment fraud attorneys at our firm may assist victims in reporting such crimes and seeking financial recovery through civil actions.
Failure to Disclose Investment Risks
Failure to adequately disclose investment risks can lead to significant losses. Under Utah securities law, brokers must fully disclose all material information about investments. Our attorneys can investigate claims of nondisclosure, helping investors hold brokers accountable for hidden risks.
Statute of Limitations for Utah Securities Fraud
In Utah, securities fraud claims must generally be filed within two years from discovery or within five years from the occurrence of the fraud. Prompt consultation with an attorney is crucial to ensure timely filing.
Additional Securities Violations and Practices We Handle:
- Market manipulation
- Over-concentration of assets
- Fraudulent IPOs
- Violation of SEC Rule 10b-5 (Insider Trading)
How Our Investment Fraud Attorneys Assist Utah Investors
At the Law Offices of Robert Wayne Pearce, P.A., our attorneys bring decades of experience, having successfully recovered over $175 million for investors. We meticulously investigate investment fraud claims, collaborate closely with regulatory bodies such as the Utah Division of Securities, FINRA, and the SEC, and represent clients aggressively in arbitration, mediation, or litigation.
If you have experienced financial losses due to securities fraud or broker misconduct in Utah, don’t wait. Contact our office today or call our Salt Lake City office at (800) 732-2889 for immediate assistance.
Resources:
Securities and Exchange Commission (SEC)
Utah Attorney General Consumer Protection Division
Investment Losses? We Can Help
Discuss your legal options with an attorney at The Law Offices of Robert Wayne Pearce, P.A.
or, give us a ring at (800) 732-2889.
Talk to our Utah Securities, Stockbroker and Investment Fraud Attorneys now
Acting quickly can significantly increase your chances of recovering compensation. At the Law Offices of Robert Wayne Pearce, P.A., we have successfully helped numerous investors reclaim losses resulting from investment fraud. We will conduct a detailed investigation of your case, identify any misrepresentations or fraudulent activities, and vigorously pursue justice and the compensation you are entitled to.
If you’ve suffered financial losses due to a stockbroker or advisor’s negligence or fraud, the simplest way to determine if you have a case is to contact our office at 800-732-2889. Our experienced investment fraud law firm is ready to advocate for you.
Our law firm serves clients throughout Utah:
- Salt Lake City
- West Valley City
- Provo
- West Jordan
- Orem
- Sandy
- St. George
- Ogden
- Layton
- South Jordan
- Lehi
- Millcreek
- Taylorsville
- Logan
- Murray
- Draper
- Bountiful
- Riverton
- Roy
- Spanish Fork
Can I Recover my Investment Losses?
In order to recover your investment losses, you must prove that your broker-dealer or financial advisor violated the federal securities laws or Utah Uniform Securities Act, breached their fiduciary duty to you as an investor or breached their contracts to follow FINRA rules.
In most cases, this means filing a FINRA arbitration claim against the broker-dealer and/or representative.
The majority of securities fraud cases are handled by FINRA (Financial Industry Regulatory Authority) rather than being brought to the court system.
FINRA arbitration is a streamlined, cost-effective way to resolve disputes between investors and their brokers without going to court – it also allows you to collect punitive damages, which are not available in civil court.
Did You Know . . . Investment Fraud Attorney Robert Pearce Has Single-Handedly Collected Over $175 Million On Behalf of His Clients
In the last 20 years alone, Robert Pearce has recovered over $175 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. Attorney Robert Pearce has represented hundreds of investors over his 45 year career and in the last 20 years alone recovered over $175 million for his investor clients.
Robert Pearce will fight for your rights day in and day out to get you the recovery you are entitled to.
What Can an Investment Loss Lawyer Do for Investors?
An investment loss recovery lawyer helps investors recover investment losses that they lost due to a financial advisor or broker who did not act in their best interest. Typically, the lawyer will help the investor recover their losses through a process called FINRA arbitration.
Investment Losses? Let’s talk.
or, give us a ring at 800-732-2889.
Client Testimonials
Contact a Utah Securities and Investment Loss Attorney Today
The Law Offices of Robert Wayne Pearce, P.A., is a law firm specializing in representing defrauded investors recover. Utah investment fraud lawyer Robert Wayne Pearce specializes in getting individuals their money back from bad investments using any and all available methods.
If you are an investor who has recently dealt with investment loss due to potential securities or investment fraud, we want to help.
If you have questions about how to move forward, contact our team online or call our Salt Lake City office line at (800) 732-2889 for a free confidential consultation with a Utah securities lawyer. We will fight aggressively for your financial recovery and for justice.
[Written by attorney Robert Wayne Pearce (Attorney Bio)]