Areas of Practice
Stockbroker Fraud
In the area of Stockbroker Fraud, the firm handles cases where the client’s stockbroker or financial advisor has caused them serious financial loss by recommending stocks to them that were unsuitable for any number of reasons: failure to adequately diversify, high risk securities, overtrading the account (churning) as well as making misrepresentations or failing to disclose items important to making a financial decision. Many of the firm’s clients in this area, often but not always elderly, have lost their entire life savings.When the firm accepts this kind of case, the goal is simple: to get the money back, and this often involves going against some party other than just the broker or advisor, since they themselves often have no major assets, and usually this means pursuing the company they were affiliated with at the time. Although this adds a layer of complication and difficulty, the firm and clients have enjoyed a high degree of success in this approach.