If you are the victim of substantial investment loss due to stockbroker fraud, you may be eligible to recover your losses. A security fraud lawyer at the Securities Lawyers can help determine if your losses are due to broker mishandling, and can help you pursue swift legal action. Our attorneys are dedicated to providing ethical, effective, and efficient representation that serves your best interests.
Certainly, we see regularly clients came in who, understandably, made a complaint first to the broker-dealer, saying, "This is what happened." And I don't know if I've ever seen one where the broker-dealer came back and said, "Yes, we're sorry, we made a mistake," and refund the account. We always see them just say, "Nope, it's not our fault. Take a hike."
And, unfortunately, it works because I think a lot of people think, "Well, that's the end of my recourse. I can't do anything." And, hopefully, the investors who have been wronged do find counsel, somebody who knows the system, knows how it works, and knows the process, and can help them take that next step to actually recover if, in fact, they've lost funds as a result of the misconduct of their broker or the broker-dealer.
Most of the times, the lawyers who do this kind of work take the work on a contingent fee, meaning they only get paid if they actually recover something for you, so the risk to you is minimal on moving forward that way. And the other that ties into that is that claimants or investors shouldn't feel guilty or wrong about doing the very thing that the law set forth as what you're supposed to do if you've been wronged and have to recover your money.
Again, there's no agency or other government who's policing these things in the sense that they're going to step in and say, "This was wrong for this person's account, and you have to give them their money back." It's not how it works. You have to bring a claim yourself, and that's the thing that most investors don't understand, and that they should have an understanding of and feel confident that if they've been wronged, that they can find an attorney and they can bring a claim.