Minnesota investment fraud attorney 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 Minnesota.

Have you fallen victim to investment fraud? Are you looking for an experienced attorney to help you fight for the compensation you deserve?

You need an investment fraud lawyer who is dedicated to protecting your rights as a Minnesota-based investor.

For over 40 years we have encountered hundreds of victims of investment fraud. 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 Minnesota 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.

Definition of Investment Fraud and Securities Fraud

Investment fraud is a term sometimes used interchangeably with securities fraud, and it involves using deceptive practices, including false or misleading information, to manipulate investors into making investment decisions that result in substantial losses. Dishonest brokers may even resort to outright theft of investor’s funds or securities. 

All forms of investment fraud are designed to trick investors into making decisions that financially benefit the fraudster. This can involve tactics such as false and misleading statements, unauthorized trading, churning, Ponzi schemes, pump-and-dump schemes, or selling securities that are not registered. Securities fraud, an unlawful or unethical act, is subject to legal penalties.

“Did you know that in the first quarter of 2023, The FTC has reported nearly 50,000 individual cases of investor fraud with an estimated $1.9 Billion in total losses?”

Brokers, broker-dealers, and investment advisors frequently promote novel and sophisticated investment options to secure high commissions and profits, without considering if their clients can withstand potential financial setbacks. These intricate investment solutions and tactics, appropriate for just a select group of investors open to considerable risks, are occasionally employed to conceal excessive trading and risks in accounts.

Example Scenario: An investor is persuaded by their broker to put a large portion of their retirement savings into a high-risk, illiquid investment. The broker downplays the risks, misrepresents the potential returns, and pressures the investor to make a quick decision. The investment ultimately fails, leading to significant losses for the investor.

Upon initially engaging your broker-dealer, you probably expected them to prioritize your interests. However, numerous brokers and financial advisors fail to fulfill their fiduciary responsibilities or even engage in outright securities fraud. They may provide misleading information about investments, hide associated risks, partake in excessive trading (known as churning) to rack up commissions, or impose hidden fees, leading to overcharging.

Investment Losses? We Can Help

Discuss your legal options with an attorney at The Law Offices of Robert Wayne Pearce, P.A.

Get A Free Consultation

or, give us a ring at (800) 732-2889.

Robert Pearce

Minnesota and Federal Laws That Protect Investors

Minnesota investors benefit from a robust framework of protections designed to ensure fair and transparent markets. These safeguards include:

  • Key Laws and Regulations
    • Minnesota Securities Act: The cornerstone of Minnesota 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.
    • Minnesota Business Corporation Act: This outlines shareholder rights and the responsibilities of company leaders, aiming to ensure that corporations act in the shareholders’ best interests.
    • Minnesota Deceptive Trade Practices Act: This broad law empowers investors to take action against unfair or deceptive investment practices.
  • Governing Agencies
    • Minnesota Dept. of Commerce: This agency is the primary watchdog for the Minnesota securities industry. They register offerings, license brokers, investigate misconduct, and educate investors about their rights.
    • Office of the Minnesota Attorney General (Consumer Protection Division): Focused on consumer protection, this office can intervene in cases of investment fraud or other deceptive practices that harm Minnesota 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

How our Minnesota Securities Law Attorneys Can Help You

Indeed, experiencing losses is an inherent aspect of investing, but brokers who engage in fraudulent activities can be held accountable under the law. If you suspect that you’ve fallen prey to investment fraud, reaching out to a lawyer specialized in investment fraud cases is crucial. Additionally, notifying regulatory organizations such as the SEC or FINRA may be necessary to address potential issues like market manipulation or insider trading.

The sooner you act, the greater your chances of recovering compensation. At the Law Offices of Robert Wayne Pearce, P.A., we have helped countless investors recover their losses due to investment fraud. We will thoroughly investigate your case, uncovering any misrepresentation or fraudulent activity, and fight to get you justice and the compensation you deserve.

If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Here’s how our knowledgeable and experienced investment fraud law firm can advocate for you:

  • Represent & Advise: We’ll stand as your legal representative, advising you on your rights and options throughout the process.
  • Investigate & Analyze: We’ll thoroughly investigate your case, meticulously analyzing financial documents and potential fraudulent schemes to uncover evidence of wrongdoing.
  • Identify Liable Parties: We’ll work strategically to identify all potentially liable parties, including brokers, financial advisors, and financial institutions.
  • File Complaints & Lawsuits: We’ll file formal complaints with regulatory agencies (such as the SEC or FINRA) and, when necessary, initiate lawsuits to protect your interests.
  • Litigate & Negotiate: We are skilled litigators ready to fight aggressively for you in court or arbitration. Additionally, we’ll negotiate tirelessly to secure the most favorable settlement possible.
  • Recover Losses: Our ultimate goal is to recover your financial losses and protect you from further harm. We are results-driven and committed to achieving the maximum financial recovery you deserve.

Can I Recover my Investment Losses?

In order to recover your investment losses, you must document your case and prove that your broker-dealer or financial advisor violated statutes, rules, and regulations and 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, 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 Minnesota, including:

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