The preferred stock fraud lawyers at the Law Offices of Robert Wayne Pearce, P.A. have been helping investors recover their losses since 1980. We are here to provide guidance and assistance to shareholders who have been victims of fraud when investing in preferred shares of stock.

We’ve helped recover over $170 million for our clients and have the experience to handle even the most complex cases. Contact our office today to speak with one of our experts and learn more about how we can help you recover your losses.

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What are Preferred Shares of Stock?

Investing in preferred shares can be seen as a hybrid investment strategy, offering both steady dividends similar to bond interest payments, and stock-like characteristics, subject to market fluctuations.

While preferred shares may experience a decrease in value, it is typically not as volatile as common shares. Preferred shareholders usually don’t have the same chance to make big profits as those who own common shares.

Despite its reputation for being a relatively safe investment option, as with all investments, there still remains a certain level of risk of investor fraud.

Types of Preferred Stock Fraud That Brokers & Investment Advisors May Commit

Preferred stock fraud can take many forms, from mishandling of investments to outright lying and misrepresentation.

Most brokers and investment advisers are obligated to act in the best interest of their clients. When they don’t, it can lead to major losses for investors.

Common types of preferred broker fraud may include:

  • Recommending Unsuitable Investments
  • Outright Theft or Misappropriation of Funds
  • Churning (Excessive Trading)
  • Unauthorized Trading on a Client’s Account
  • Lack of Diversification
  • Misrepresenting or Omitting Information
  • Failing to Follow Instructions
  • Over-Concentration of Assets
  • Failure to Disclose a Personal Interest in a Security
  • Negligent Portfolio Management
  • Front Running of Transactions

Above are some of the more common types of stockbroker fraud that can occur when working with a broker-dealer or investment advisor. If you believe that you have been a victim of any type of preferred stock fraud and have consequently lost money as a result, you may be eligible to file a claim to help you recover your losses.

Is It My Broker’s Fault that I Lost Money in My Investment Accounts?

The stock market carries a certain degree of risk, and even the best-informed advice does not guarantee success. So, the answer to this question really depends on the circumstances.

If your losses are a direct result of your broker’s negligent or illegal activities, then yes, it is likely that they are to blame for your losses. In these cases, you may be able to recover some or all of your losses through legal action.

Related Read: Can You Sue a Financial Advisor or Stockbroker Over Losses?

Do I Need a Stockbroker Fraud Lawyer to Pursue My Legal Claim?

There is no legal requirement that you retain an attorney to represent you in a stockbroker fraud dispute. However, having one is definitely recommended. 

Investment fraud disputes can be extremely complicated to navigate on your own if you have no prior experience doing so. Further, you can be almost certain that the stockbroker defendant will have legal counsel. Thus, going against the fraudulent stockbroker and their attorney on your own can be daunting. 

Instead, consider hiring a stockbroker fraud lawyer who regularly handles these types of claims. 

When you’ve suffered significant investment losses and your future financial security is at risk, you deserve competent legal representation to help you maximize your recovery and get the results you need and deserve.

Why Investors Choose The Law Offices of Robert Wayne Pearce to Represent Them

In the last 20 years alone, our lead attorney Robert Pearce has recovered over $170 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 $170 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.

Investment Losses? Speak with a Preferred Shares Stock Fraud Lawyer Today

It is your broker’s job to provide their clients with all of the necessary information needed to make an informed investment decision. When a broker fails to do this, it can lead to major financial losses for the investor.

In these scenarios, the only route available to the investor is to file a FINRA arbitration claim to seek to recover their losses. It is in your best interest to speak with a knowledgeable and experienced securities attorney who can guide you through the process.

At the Law Offices of Robert Wayne Pearce, P.A., our experienced preferred stock fraud lawyers have helped investors recover over $170 million in losses. We have the knowledge and the resources to handle even the most complex cases.

Contact our office today to speak with one of our experts and learn more about how we can help you recover your losses.

We understand that every case is unique and requires a tailored approach, which is why we offer a no-obligation, free initial consultation to discuss the details of your case and answer any questions you may have. During this consultation, we can evaluate the merits of your claim and help you understand your legal options.