When broker misconduct has caused you to lose substantial value to your investment accounts, you have the right to seek reimbursement from the responsible parties. These cases can be extremely complex, and having the support of a reputable attorney who is experienced in protecting investors rights can help to ensure that your interests are protected from the start.
The attorneys at The Law Offices of Robert Wayne Pearce, P.A., have helped countless investors over the last 40 years recover the losses from their investment accounts that were caused by broker negligence or misconduct. The firm has extensive experience with these cases, and Attorney Pearce is committed to seeing that those responsible for the losses you have suffered are held fully accountable.
Representing clients throughout Florida and nationwide. Please contact our South Florida law office online, or call 561-338-0037 to schedule your free consultation.
The attorneys at our law firm represent wronged investors in all types of stockbroker, commodities broker and investment advisor misconduct cases, including:
Broker/Advisor Fraud and Misrepresentation: Fraud and misrepresentation take place when brokers or advisors fail to provide complete and accurate information about an investment. If you have lost money on an investment and the advisor failed to disclose all the material facts about it, you can seek to recover your losses.
Unsuitable Investments: Brokers have a duty to recommend suitable investments to investors in light of their stated objectives, financial condition and tax status. If a broker recommends investments inconsistent with these criteria, there may be grounds for a lawsuit to recover your financial losses.
Hedge Funds and Structured Products: Hedge funds and structured products are sophisticated investments typically reserved for high net worth investors who have the tolerance for the risk these funds often involve. When these types of funds are misrepresented, offered to investors who do not have the risk tolerance, or mismanaged, the brokers can be held accountable for any losses suffered.
Churning: Churning occurs when excessive trades are made in an account for the sole purpose of generating multiple commissions for the broker. Investors can seek to recover any financial losses if it can be shown that the broker was acting in his or her own best interests rather than the investor's.
Failure to Diversify: Brokers and advisors have a responsibility to take a balanced approach to growing their clients' accounts. If too much of an investor's money is put into a particular type of investment and that investment goes bad, it can result in heavy losses that can be recovered by the investor.
Mismanagement of Trusts and Investment Accounts: Under the prudent investor rule, trustees and other fiduciaries have a responsibility to manage client accounts in a responsible manner. When they fail to do so and the accounts lose money, action can be taken to recover the losses.
Negligence and Breach of Fiduciary Duty: Negligence and breach of fiduciary duty can happen even when the broker believes he or she is working in the investor's best interests. When mistakes are made or accounts are handled in such a way that the investor suffers a loss, it may create grounds for an investor claim.
Failure to Supervise: By law, brokerage firms are required to supervise the activities of their brokers and of the entire staff. This is to ensure ethical practice and goodwill. Brokerage firms are required to review all accounts and are required to investigate any suspicious actions. Failure to do so could result in losses for the investor.
Selling Away: Brokers are only allowed to offer investments that have been researched and approved by the firm. Selling away happens when a broker offers an investment that is not part of the firm's approved product offerings. If you have suffered losses on this type of investment, you have the right to seek recovery.
Broker/Advisor Misconduct: Unscrupulous stockbrokers, commodities brokers and investment advisors are abundant in South Florida. In his 40 years, Mr. Pearce has litigated and arbitrated many types of other broker/advisor misconduct cases throughout the United States.Free Initial Consultation With Attorneys Who Can Handle Your Investment Problems
The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in securities, commodities and investment law matters and constantly strives to secure the most favorable possible result. Mr. Pearce provides a complete review of your case and fully explains your legal options. The firm works to ensure that you have all of the information necessary to make a sound decision before any action is taken in your case.
For dedicated representation by a law firm with substantial experience in all kinds of securities, commodities, and investment disputes, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. We can also arrange a meeting with you at offices located in Boca Raton, Fort Lauderdale, Miami and West Palm Beach, Florida and elsewhere if we believe you have a viable case.