Michigan Investment fraud and investment loss attorney Robert Wayne Pearce at the Law Offices of Robert Wayne Pearce P.A., has extensive experience representing investors and organizations in the State of Michigan, and is one of the preeminent experts in this matter both nationwide and internationally.
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 Michigan law as it applies to investment loss recovery.
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.
Types of Investment and Securities Loss Cases We Can Help Represent You With
In Michigan, investors should be vigilant against several common types of investment fraud leading to losses. These include unsuitable investments, where recommendations don’t align with an investor’s needs, and forced liquidation, where brokers sell assets without client consent.
Ponzi schemes promise high returns but rely on new investments to pay existing investors. Excessive trading, or churning, generates commissions at the investor’s expense. Misrepresentation involves providing deceptive information, while breach of fiduciary duty occurs when advisors prioritize their interests over clients’.
Other notable frauds include unauthorized trading, failure to supervise, overconcentration, and theft. Mutual fund sales violations, excessive markups, and selling away are also common. Negligence, margin abuse, and conflicts of interest are frequent issues, as advisors sometimes prioritize their profits over client interests.
Additionally, investors should be wary of risky private placements, cryptocurrency scams, 401(k) misconduct, microcap fraud, mining investment schemes, EB-5 visa fraud, and advance fee scams. These tactics highlight the need for careful scrutiny and due diligence when making investment decisions.
Our law firm works with clients throughout the state:
- Detroit
- Grand Rapids
- Warren
- Sterling Heights
- Ann Arbor
- Lansing
- Flint
- Dearborn
- Livonia
- Westland
- Troy
- Farmington Hills
- Kalamazoo
- Wyoming
- Rochester Hills
- Southfield
- Taylor
- Pontiac
- St. Clair Shores
- Novi
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.
Michigan Laws Relating to Investment Fraud
Michigan investors benefit from a robust framework of protections designed to ensure fair and transparent markets and reduce fraud. These safeguards include:
- Key Laws and Regulations
- Michigan Uniform Securities Act: The cornerstone of Michigan 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.
- The Michigan Business Corporation Act: This outlines shareholder rights and the responsibilities of company leaders, aiming to ensure that corporations act in the shareholders’ best interests.
- Michigan Consumer Protection Act: This broad law empowers investors to take action against unfair or deceptive investment practices.
- Governing Agencies
- Michigan State Securities Board: This agency is the primary watchdog for the Michigan securities industry. They register offerings, license brokers, investigate misconduct, and educate investors about their rights.
- Office of the Michigan Attorney General (Consumer Protection Division): Focused on consumer protection, this office can intervene in cases of investment fraud or other deceptive practices that harm Michigan 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
- Michigan Securities Division: https://www.michigan.gov/lara/bureau-list/cscl/other/contact-the-securities-audit-division
- Office of the Michigan Attorney General, Consumer Protection Division: https://www.michigan.gov/consumerprotection
- FINRA: https://www.finra.org/
- SEC – https://www.sec.gov/
What Are the MI Statute of Limitations for Investment Fraud?
Michigan, the statute of limitations for fraud is generally six years. Federally, the statute of limitations for securities fraud cases is typically five years from the date of the violation or two years from the date the fraud should have been discovered.
It’s important to consult with an attorney as soon as possible to ensure your claim is filed within the appropriate time frame.
Can I Recover my Investment Losses?
In order to recover your investment losses, you must prove that your broker-dealer or financial advisor breached their fiduciary duty 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 in the U.S., 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 Michigan, including:
- https://www.secatty.com/investigations/william-collin-edward-jones/
- https://www.secatty.com/investigations/richard-diaz-principal-securities/
- https://www.secatty.com/investigations/jason-murphy-lpl-financial/
- https://www.secatty.com/investigations/susan-vanspybrook-j-p-morgan-securities/
- https://www.secatty.com/investigations/chad-spezia-merrill-lynch-pierce-fenner-smith/
- https://www.secatty.com/investigations/david-lademan-lpl-financial/
- https://www.secatty.com/investigations/dennis-oleszkowicz-ubs-financial-services/
- https://www.secatty.com/investigations/james-bologna-allstate-financial-services/
- https://www.secatty.com/investigations/jeremy-hershey-huntington-financial-advisors/
- https://www.secatty.com/investigations/robin-runco-cfd-investments/
- https://www.secatty.com/investigations/steven-reauso-the-huntington-investment-co /
- https://www.secatty.com/investigations/ryan-hall-lpl-financial /
- https://www.secatty.com/investigations/brian-timmer-ameriprise-financialservices/
- https://www.secatty.com/investigations/david-white-centaurus-financial/
- https://www.secatty.com/investigations/mark-zitzelsberger-lpl-financial/
- https://www.secatty.com/investigations/craig-stiles-ameriprise-financial-services/
- https://www.secatty.com/investigations/edward-dublis-cambridge-investment-research/
- https://www.secatty.com/investigations/steven-kocher-ubs-financial-services/
- https://www.secatty.com/investigations/edward-mccombs-pnc-investments/
- https://www.secatty.com/investigations/norman-killop-iii-morgan-stanley/
- https://www.secatty.com/investigations/gunnar-gavin-bankers-life-securities/
- https://www.secatty.com/investigations/aubrey-lee-jr-merrill-lynch-pierce-fenner-smith-incorporated/
- https://www.secatty.com/investigations/harold-caldwell-pfs-investments/
- https://www.secatty.com/investigations/john-bussa-lincoln-financial-advisors/
- https://www.secatty.com/investigations/phil-andrews-ii-lpl-financial/
Did You Know . . . Investment Fraud Attorney Robert Pearce Has Single-Handedly Collected Over $175 Million On Behalf of His Clients
Over the past two decades, Robert Pearce has secured more than $175 million in recoveries for his investor clients. Impressively, he has successfully recouped funds for over 99% of these clients, utilizing a comprehensive approach that includes 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 Loss Recovery Lawyer Do for Investors?
An investment loss 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 Michigan Securities Fraud and Investment Loss Law Firm Today
The Law Offices of Robert Wayne Pearce, P.A., is a law firm specializing in representing defrauded investors recover. Michigan 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 Michigan investment loss lawyer. We will fight aggressively for your financial recovery and for justice.