The Texas securities attorneys at The Law Offices of Robert Wayne Pearce, P.A., can help you navigate the complexities of securities law and protect your interests. Are you an investor? We can help.
As an investor, you’ve placed your trust in the hands of your stockbroker or financial advisor. But what happens when that trust is broken?
If you believe that your stockbroker or financial advisor has violated your trust and caused you financial harm, it is important to seek legal counsel as soon as possible.
The securities attorneys at The Law Offices of Robert Wayne Pearce, P.A., have experience representing investors in securities arbitration and litigation cases.
Our attorneys can help you understand your legal options and fight to recover any losses you may have suffered. Don’t let a breach of trust go unchecked – contact The Law Offices of Robert Wayne Pearce, P.A., today to schedule a consultation and learn how we can help protect your interests.
What Does a Texas Securities Attorney Do?
A securities attorney who practices in Texas focuses their legal practice on matters related to securities law and the regulations that apply to investors, broker-dealers, and other financial professionals.
A securities lawyer represents both investors in disputes with financial professionals, as well as financial professionals who have been accused of wrongdoing by their clients or their employers.
IMPORTANT: If you are an investor and believe you have suffered financial harm due to the actions of a stockbroker or financial advisor, contact The Law Offices of Robert Wayne Pearce, P.A., today to discuss your case with a knowledgeable securities attorney.
Texas Specific Securities Laws
Securities in America are regulated by both federal and state laws. The securities industry is complex and highly regulated throughout the entire country.
As such, having knowledge of the specific Texas securities laws is important in addition to federal laws.
A securities lawyer can help you understand your rights and options as an investor and can provide representation if you believe you have been the victim of securities fraud or misconduct.
Below are some of the important Texas securities laws:
The Texas Securities Act
In Texas, securities laws are governed by the Texas Securities Act and related state and federal regulations. These laws establish the requirements and procedures for the offer, sale, and trade of securities, such as stocks, bonds, and investment contracts, in the state of Texas.
The Texas Securities Act also establishes the authority of the Texas State Securities Board, which is responsible for regulating the securities industry in Texas. The State Securities Board has the power to investigate and take enforcement action against individuals or entities that engage in securities fraud, misconduct, or other violations of Texas securities laws.
Under the Texas Securities Act, it is illegal to sell securities in Texas without first registering the securities or obtaining an exemption from registration. This includes the sale of securities by stockbrokers, financial advisors, and other professionals who offer securities to the public.
You can learn more about Texas securities laws and regulations on the State Securities Board’s website.
Texas State Securities Board
The Texas State Securities Board is responsible for regulating the securities industry in Texas and enforcing state securities laws. The Board has the authority to investigate potential violations of the Texas Securities Act and may take enforcement action against individuals or entities that violate these laws.
This board protects consumers and the business communities of Texas from securities fraud, misconduct, and other violations of the law.
You can learn more about the State Securities Board and its powers and duties on its website.
Texas Consumer Protection Division
The Consumer Protection Division safeguards all Texans by accepting consumer complaints, initiating legal action in the public’s interest and educating people on how to detect and avoid potential scams.
The division also works to ensure that businesses comply with Texas consumer protection laws.
You can learn more about the Consumer Protection Division and its powers and duties on its website.
When to Speak with a Texas Securities Lawyer
Most investors don’t realize that there’s an issue with their investments until they’ve lost a significant amount (if not all) of their money.
Misconduct, negligence, and outright securities fraud are all too common in the securities industry.
As soon as you believe you have been the victim of misconduct, negligence, or fraud by a stockbroker or financial advisor, you should consult with an experienced Texas securities lawyer.
A securities lawyer can review the facts of your case and advise you on how to proceed in order to protect your rights and seek compensation for any losses you may have suffered due to the misconduct or negligence.
The sooner you speak to an attorney, the better.
Once a securities law violation has been “discovered” there is a set window of time in which to take action, and that window begins to close as soon as the violation is discovered.
Seeking legal help quickly can help you preserve your rights and maximize the chances of a successful outcome for your case.
If you have questions about your specific case, reach out to us today at (800) 732-2889 or fill out one of our short contact forms for a free consultation to discuss your rights and potential remedies.
What Legal Routes are Available to Texas Investors Who Have Suffered Investment Losses?
If you have suffered financial losses as a result of a securities law violation, there are several legal routes available to pursue compensation.
An investor will typically need to bring a claim against the responsible party.
All brokers and financial professional are regulated by the Financial Industry Regulatory Authority (FINRA). When a broker or financial professional violates FINRA rules, an investor can bring a claim against the firm in FINRA arbitration.
What is a FINRA Arbitration?
FINRA, or the Financial Industry Regulatory Authority, is a private corporation that oversees disputes between investors and the brokerage firms they entrust with their investments.
All broker-dealers are required to be members of FINRA, which means that securities disputes must be brought in front of FINRA arbitration panels.
Broker-dealers owe their clients a fiduciary duty, meaning they must act in their clients’ best interests.
When a broker-dealer or financial advisor fails to live up to this obligation, investors may be entitled to compensation for any losses that result from that breach of duty.
As such, the FINRA arbitration process is set up to help investors resolve these disputes and recover damages for their losses.
The FINRA arbitration process involves several steps, including:
- Filing a statement of claim;
- Selecting arbitrators;
- Participating in pre-hearing conferences and discovery; and
- Attending the arbitration hearing.
If your case is going before a FINRA arbitration panel, you are going to need an experienced securities arbitration lawyer on your side.
Our Texas securities attorneys have represented hundreds of clients in the FINRA arbitration process.
What to Expect with Securities Lawyer Fees
If you are an investor who has been the victim of securities fraud or a broker looking for legal representation, you may be wondering how much a securities lawyer will cost. The answer depends on the facts of your case.
An initial consultation with a securities lawyer is typically free. During this consultation, the lawyer will review your case and give you an estimate of the legal fees. If you decide to move forward with the case, you will typically be asked to sign a contingency fee agreement.
A contingency fee agreement means that you will only have to pay the lawyer if he or she is successful in recovering money on your behalf. If the lawyer is not successful, you will not owe any legal fees.
At the Law Offices of Robert Wayne Pearce, P.A., we offer a free initial consultation to discuss your case and answer any questions you may have. We also work on a contingency fee basis, so you will only have to pay us if we are successful in recovering money for you.
Contact us today at (800) 732-2889 for your free, no-obligation consultation to discuss your case and legal options moving forward.
Our Attorneys Have a History of Success
Since 1980, the Law Offices of Robert Wayne Pearce P.A. has been helping investors recover losses from stockbrokers, financial advisors and other securities professionals.
Our firm is highly regarded by both legal professionals and investors alike for our knowledge, experience, and commitment to obtaining the best possible results for our clients.
Some of our past successes include:
FEDERAL COURT FINAL JUDGMENT $21,041,285
Case No. 1:10-cv-21444-KMM
College Health and Investment, Ltd. v Esther Spero
This Final Judgment was entered against the defendant for fraud, breach of fiduciary duty, and civil theft pursuant to Sections 812.014 and 772.11, Florida statutes in 2010.
FINRA ARBITRATION SETTLEMENT $8,214,596
This FINRA Arbitration involved Texas residents who claimed their financial advisor misrepresented and fully failed to disclose the risk of using a highly leveraged credit spread strategy. Further, the clients alleged that the financial advisor associated with a major investment bank placed all of their assets in his unsuitable investment strategy. The account was overleveraged and vulnerable in March 2020 to massive liquidations of securities to meet margin calls at fire sale prices. The case settled prior to the arbitration hearing in January, 2022.
FEDERAL COURT CLASS ACTION SETTLEMENT $4,300,000
Case No. 14-001695-CI
State of Florida, Office of Financial Regulation v. Tri-Med Corp., et al.
Mr. Pearce represented the investors as co-counsel with the Receiver in a class action against the accounting and legal professionals for allegedly aiding and abetting a Ponzi scheme. After removal from state to Federal court and several years of litigation, the lawsuit was resolved in 2017 through mediation and the payment of more than $4.3 million to the receivership for the investors benefit by the law and accounting firms.
Are You a Victim of Investment Fraud in Texas?
If you or someone you know has been the victim of investment fraud in Texas, the Texas investment fraud lawyers at the Law Offices of Robert Wayne Pearce P.A. can help. We have the knowledge, experience, and resources to fight back against securities fraud.
We will review your case for free and let you know whether we can help.
Securities law is undoubtedly intricate and specialized, which makes it unwise to attempt self-representation in a case of securities fraud. Doing this can result in serious repercussions that may be difficult to recover from. A securities attorney will be able to navigate the complex legal landscape and give you the best chance of recovering your investment losses.
Contact a Texas Securities Lawyer
If you have been the victim of securities fraud in Texas, contact the experienced attorneys at the Law Offices of Robert Wayne Pearce P.A. today for a free consultation to discuss your legal options moving forward. We will evaluate your case and provide honest advice about how we can help you recover your losses.
Our firm is dedicated to fighting for the rights of investors and helping them recover their losses.