Are you a victim of investment fraud? Seeking an experienced attorney to help you fight for the compensation you deserve?
Kentucky investment fraud lawyer Robert Wayne Pearce at the Law Offices of Robert Wayne Pearce P.A., has extensive experience representing investors and organizations in securities arbitrations through FINRA in the State of Kentucky.
You need a dedicated investment fraud lawyer to protect your rights as a Kentucky-based investor.
For over 40 years, we have supported investors facing the challenges of investment fraud and are committed to helping you seek justice and accountability.
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 Kentucky law as it applies to investment fraud cases. Don’t let investment fraud ruin your financial future – contact the Law Offices of Robert Wayne Pearce, P.A. today via our quick-response form, or call (800) 732-2889.
What Exactly is Investment Fraud and Securities Fraud
Investment fraud, or securities fraud, involves deceitful tactics to mislead investors into making decisions that cause financial losses. This can include unethical behavior by brokers who may even steal investors’ funds or securities.
All forms of investment fraud aim to financially benefit the perpetrator. Common schemes include Ponzi schemes, pump-and-dump schemes, and the sale of unregistered securities. Securities fraud is illegal and punishable by law.
In the first quarter of 2023, the FTC reported nearly 50,000 cases of investor fraud, totaling an estimated $1.9 billion in losses.
Brokers and investment advisers often market complex investment products for high commissions, disregarding their clients’ risk tolerance. These products can conceal excessive risk and trading activity.
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.
Kentucky and Federal Laws That Protect You
Kentucky investors benefit from a robust framework of protections designed to ensure fair and transparent markets. These safeguards include:
- Key Laws and Regulations
- Kentucky Securities (Blue Sky Law): The cornerstone of Kentucky investor protection, this law combats fraud, mandates the registration of most securities, and provides avenues for investors to seek recourse if they’ve been misled.
- Kentucky Business Corporations Code: This outlines shareholder rights and the responsibilities of company leaders, aiming to ensure that corporations act in the shareholders’ best interests.
- Kentucky Consumer Protection Act: This broad law empowers investors to take action against unfair or deceptive investment practices.
- Governing Agencies
- Kentucky Dept. of Financial Institutions: This agency is the primary watchdog for the Kentucky securities industry. They register offerings, license brokers, investigate misconduct, and educate investors about their rights.
- Office of the Kentucky Attorney General (Consumer Protection Division): Focused on consumer protection, this office can intervene in cases of investment fraud or other deceptive practices that harm Kentucky investors.
- National Regulatory Bodies
- FINRA (Financial Industry Regulatory Authority): FINRA oversees all broker-dealers in the US, setting ethical standards, enforcing securities laws, and providing investor education resources. They work alongside the SEC (Securities and Exchange Commission) for broad investor protection.
Useful Resources
- Kentucky State Securities Board: https://kfi.ky.gov/newstatic_info.aspx?static_id=377&menuid=67
- Office of the Kentucky Attorney General, Consumer Protection Division: https://kentucky.gov/government/Pages/AgencyProfile.aspx?Title=Department+of+Financial+Institutions
- FINRA: https://www.finra.org/
- SEC – https://www.sec.gov/
How our Kentucky Securities Law Attorneys Can Help You
Yes, investment losses are a part of investing, but when brokers commit fraud, they can be held legally responsible. If you believe you have been a victim of investment fraud, it is important to contact an investment fraud lawyer with experience handling these types of cases. Regulatory bodies like the SEC or FINRA might also need to be alerted to potential market manipulation or insider trading.
Acting quickly enhances your likelihood of obtaining compensation. At the Law Offices of Robert Wayne Pearce, P.A., we’ve successfully assisted numerous investors in recouping their losses stemming from investment fraud. Our team will conduct an in-depth investigation of your situation, identifying any instances of misinformation or fraud, and will advocate vigorously to secure the justice and compensation you are entitled to.
Should you suffer financial losses due to a stockbroker’s or advisor’s negligence or fraud, the simplest method to determine your legal standing is by contacting our office at 800-732-2889. Discover how our skilled and experienced investment fraud law firm can represent your interests:
Can I Recover my Investment Losses?
Maybe. In order to recover your investment losses, you must prove that your broker-dealer or financial advisor breached their statutory and/or common law duties to you as an investor.
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.
As an investor, you have certain rights that must be respected and protected.
We’re currently investigating several financial firms and stockbrokers who may have been the subject of customer complaints, may be facing legal action, and who may have acted unethically and committed fraud in Kentucky, including:
- https://www.secatty.com/investigations/donald-woods-thurston-spring-financial/
- https://www.secatty.com/investigations/jonathan-upton-lpl-financial-llc/
- https://www.secatty.com/investigations/christopher-watts-lpl-financial/
- https://www.secatty.com/investigations/rebecca-thomas-merrill-lynch-pierce-fenner-smith/
- https://www.secatty.com/investigations/james-taylor-northwestern-mutual-investment-services-2/
- https://www.secatty.com/investigations/william-fenwick-first-kentucky-securities/
- https://www.secatty.com/investigations/marci-coots-morgan-stanley/
- https://www.secatty.com/investigations/robert-kane-fifth-third-securities/
- https://www.secatty.com/investigations/phillip-sutton-raymond-james-financial-services/
- https://www.secatty.com/investigations/kelly-johnston-fidelity-brokerage-services-2/
- https://www.secatty.com/investigations/clifton-smith-ameriprise-financial-services/
- https://www.secatty.com/investigations/matthew-thompson-fifth-third-securities/
- https://www.secatty.com/investigations/brenton-ditto-lpl-financial/
- https://www.secatty.com/investigations/christopher-watkins-silver-oak-securities/
- https://www.secatty.com/investigations/robin-lawson-concourse-financial-group-securities/
- https://www.secatty.com/investigations/kenneth-baize-lpl-financial/
- https://www.secatty.com/investigations/william-munday-robert-w-baird-co/
- https://www.secatty.com/investigations/wesley-layne-fidelity-brokerage-services/
- https://www.secatty.com/investigations/stephen-franklin-lpl-financial/
- https://www.secatty.com/investigations/leigh-anne-parker-edward-jones/
- https://www.secatty.com/investigations/jonathan-hicks-madison-avenue-securities/
- https://www.secatty.com/investigations/jeffrey-schultz-jr-fidelity-brokerage-services/
- https://www.secatty.com/investigations/james-hill-iii-blackstone-advisory-partners/
- https://www.secatty.com/investigations/earl-davis-woodmen-financial-services/
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 40 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 Fraud Lawyer Do for Investors?
What Can an Investment Fraud Lawyer Do for Investors?
An investment fraud 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
What Are the KY Statute of Limitations?
When dealing with investment fraud cases, acting swiftly is crucial. Statutes of limitations, as established by both Kentucky and federal laws, impose strict deadlines for initiating legal actions. In Kentucky, the timeframe for pursuing fraud claims is usually up to five years after the fraud’s discovery, but never exceeding ten years from when the fraud occurred. On the federal level, the deadline for filing securities fraud lawsuits is generally within five years of the infringement or two years from when the fraud ought to have been identified. Consulting with a lawyer promptly is essential to make sure your case is filed within the correct period.
Types of Investment and Securities Fraud Cases We Can Help Represent You With
In Kentucky, investors frequently encounter various types of investment fraud perpetrated by unscrupulous brokers and advisors. Among the most common issues are unsuitable investments, where recommendations do not align with the investor’s needs, and forced liquidation, where brokers sell assets without client consent.
Ponzi schemes, which promise high returns but are fraudulent, are also prevalent. Excessive trading, or churning, generates commissions for advisors rather than benefiting the client. Misrepresentation and omission involve providing deceptive or misleading information about investments.
Breach of fiduciary duty and unauthorized trading pose significant risks to investors. Additionally, failure to supervise, overconcentration, and theft or misappropriation of client funds are significant concerns for investors in Kentucky.
Other frequent frauds include mutual fund sales violations, excessive markups/markdowns, and selling unapproved investments. Cryptocurrency scams present a growing threat to investors. Margin abuse, conflicts of interest, and the sale of risky, non-registered securities like private placements are also notable concerns.
401(k) plan misconduct, microcap fraud, and schemes involving fictitious investments in mining or minerals are also common. Investors should be wary of EB-5 Immigrant Investor Program fraud, advance fee schemes, and many other tactics not listed here.
Contact a Kentucky Investment Fraud Lawyer Today
The Law Offices of Robert Wayne Pearce, P.A., is a law firm specializing in representing defrauded investors recover. Kentucky 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 by phone at 561-338-0037 for a free confidential consultation with a Kentucky securities lawyer. We will fight aggressively for your financial recovery and for justice.
Our law firm works with clients throughout the state:
- Louisville
- Lexington
- Bowling Green
- Owensboro
- Covington
- Richmond
- Georgetown
- Florence
- Hopkinsville
- Nicholasville
- Elizabethtown
- Henderson
- Frankfort
- Jeffersontown
- Independence
- Paducah
- Radcliff
- Ashland
- Winchester
- Mount Washington
Robert Wayne Pearce has decades of first-hand experience in FINRA securities arbitration, and is one of the preeminent experts in this matter both nationwide and internationally.