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So you lost your money in the market - it happens. A lot. Just because you gave your stockbroker $2000 to open an IRA for you, and the 26 shares of widget.com that you bought are now only worth $150 does not necessarily mean that you can sue your stockbroker. Most stockbrokers are professionals that treat their clients in an ethical manner. So what is securities fraud? |
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If a stockbroker, financial advisor or other financial professional acts in a deceitful matter, or willfully misleads an investor, with disregard to the investor's well being, the stockbroker is in violation on securities laws.
People from all walks of life, young, old, rich and poor, have been taken by securities fraud. Many older people are more vulnerable, but people of all ages and backgrounds have fallen victim.
Investment fraud is definitely not new, but the methods to lure customers vary. A current innovation is telemarketing and internet investment fraud. As long as investment products have been available to individual investors, unscrupulous stockbrokers have been finding ways of defrauding them |
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A major sales pitch of the fraudulent investment deal is that the investor will make a high profit in a short period of time.
Both federal and state laws govern securities. The federal statutes set certain disclosure requirements. These disclosures enable buyers to have important information before they make an investment. State laws require registration and enforce illegal operations that violate state laws. Is it very difficult for the average investor to know if he has been the victim of stock fraud.
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If you feel that you may be the victim of securities fraud, it is best to contact a lawyer specializing in securities fraud cases immediately to find out your legal rights. A lawyer with stock fraud expertise can asses your case to find out whether or not it is actionable. To expedite the process of filing a lawsuit, it is advisable to present your lawyer with as much information about your situation as possible. Choose from a lawyer by state at left to begin your search. Simply fill out a form for a lawyer in your area, and a qualified professional will contact you shortly.
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