What Is Stockbroker Fraud?
Stockbroker fraud occurs when a broker deceives investors for personal gain, whether through dishonest trading, false recommendations, or the deliberate withholding of information needed to make sound decisions. And, sadly, it is incredibly common in our industry.
What many trusting investors don’t realize is that not every portfolio loss is the result of market fluctuation. Sometimes the damage comes from an unscrupulous broker who put their own interests ahead of yours.
The reason these cases are difficult to litigate is because the range of conduct that qualifies as stockbroker fraud is broad, covering churning, insider trading, Ponzi schemes, selling away, and the misrepresentation of securities across all financial markets.
When misconduct does occur, you may have a right to compensation.
The U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) both have authority to investigate and discipline brokers and firms who engage in this conduct.
We understand how disorienting it can be to realize the person you trusted with your savings may have been working against you. If you have suffered financial losses and suspect your stockbroker was involved, you may have the right to recover through FINRA arbitration or civil litigation under the Federal Securities Act.
Contact our stock fraud lawyers immediately. We will review your case for free and let you know if you have an avenue for recovering losses.
Types of Stockbroker Fraud
Stockbroker fraud takes many forms, and the misconduct does not always look obvious from the outside. Below are some of the most common types our attorneys see. If you notice any of these forms of fraud, contact an attorney as soon as possible.Why Choose Robert Wayne Pearce as Your Stockbroker Fraud Lawyer?
At the Law Offices of Robert Wayne Pearce, P.A., our clients benefit from 45 years of securities fraud litigation experience, more than $185 million recovered for defrauded investors, and a 99% success rate that few firms can match. We even had a $21,000,000 fraud settlement recently. We cannot guarantee results. However, we can guarantee that we will do everything in our power to make you whole again.
When you choose us, you benefit from:
- 45+ Years of Experience: Robert Wayne Pearce is a securities fraud lawyer who has handled investment fraud cases for over four decades, giving our firm an inside understanding of how brokerage firms defend themselves.
- $185 Million Recovered: Our firm has recovered $185 million for clients harmed by investment fraud across the country.
- 99%+ Success Rate: Mr. Pearce has recovered funds for over 99% of his clients through court litigation, arbitrations, and settlements nationwide and internationally.
- 200+ Cases Tried: Attorney Pearce has tried over 200 cases to trial verdict or arbitration award, with only 4 losses for clients in his career, and we’ve dealt with everyone from small brokerages to hedge funds.
- No Fees Unless We Win: We represent clients on a contingency basis, meaning you pay nothing unless we recover for you.
Meet the Team
ROBERT WAYNE PEARCE
Securities Attorney
ADAM KARA LOPEZ
Securities AttorneyWhat Should You Do If You Suspect Stockbroker Fraud?
f you suspect your stockbroker has committed fraud, the most important thing you can do is contact an experienced attorney as soon as possible. Delays can affect your ability to recover, since FINRA Rule 12206 sets a six-year window from the date of the underlying conduct to file an arbitration claim.
Before you reach out to a lawyer, pull together whatever records you have. Account statements, trade confirmations, and any written or electronic communications with your broker will serve as the foundation of your case. The more documentation you preserve, the stronger your position going into arbitration or litigation.
FINRA arbitration is the most common path for investor claims against registered broker dealers, but it is not the only option. If your situation does not involve an arbitration agreement, securities fraud litigation in court remains a viable route to recovering what you lost.
- Contact Our Experienced Orlando Investment Fraud Attorneys Now for a Free Consultation Get A Free Consultation
Reach out to a stockbroker fraud attorney at the Law Offices of Robert Wayne Pearce, P.A. today. We protect investors in all 50 states and handle investment fraud, securities fraud, and broker misconduct cases nationwide, bringing the same commitment to every client regardless of claim size. Call (800) 732-2889 for a free consultation, and remember that you pay nothing unless we win your case.