Investing comes with a certain amount of risk. That being said, not all investment losses are fair or legitimate. If you lost money due to fraud, broker negligence, or a financial advisor’s misrepresentations, you may be entitled to compensation for your damages. As investor losses claims are complex, it is imperative that you take immediate action to protect your rights.
Galvin Legal, PLLC’s experienced investment fraud attorneys are committed to protecting the legal rights and financial interests of investors. We have helped many investment fraud victims nationwide recover losses. Even when an investor lives in Austin, Texas, the claim must generally be filed through the Dispute Resolution division of FINRA. Investors are far more likely to recover their losses if they are represented by an attorney who is experienced in securities arbitration. If you think you may be a victim of investment fraud, please contact us today to set up your free investment fraud consultation. Galvin Legal, PLLC represents investors in every state across the nation.
Common Investment Fraud Claims
There are many different types of investment fraud/securities fraud claims. Some of the most common causes of action that are raised in investor losses cases include:
- Breach of Fiduciary Duty: Unlike stockbrokers, registered investment advisors (RIAs) are subject to the fiduciary duty rule. Your RIA has a legal duty to act in your best financial interests. If they fail to do so, and you suffered losses as a result, you may have a claim.
- Unsuitable Investment Advice: All securities brokers are subject to FINRA’s suitability rule. If you were recommended unsuitable investments or an unsuitable portfolio strategy, you may be entitled to compensation for your losses.
- Fraud/Misrepresentation: Investors deserve fair and honest information from their representative. If a broker misrepresents or omits risks or any other material facts related to an investment, they may be held liable for any resulting losses.
- Overconcentration of Investments: A well-structured portfolio should be properly diversified. Overconcentration of assets puts investors at avoidable risk.
- Excessive Trading: Brokers need a reasonable basis for making any trade. The commissions generated by excessive trading can cause serious damage to an investor.
- Unauthorized Trading: Financial professionals must have the proper authorization before making any transaction.
- Failure to Supervise: Registered brokerage firms are legally responsible for supervising their individual securities representatives.
Investor Disputes in Austin, TX: Understanding the FINRA Dispute Resolution Process
With limited exceptions, investors in Austin, TX must bring their claim through the dispute resolution process that is overseen by the Financial Industry Regulatory Authority (FINRA). The overwhelming majority of investor complaints are resolved through FINRA arbitration. If you suffered serious investment losses in Austin, it is crucial that you consult with an experienced securities fraud attorney as soon as possible. The broker or brokerage firm will undoubtedly be represented by a lawyer. You need a strong advocate on your side too.
Contact Our Austin, TX Securities Fraud Attorney Today
At Galvin Legal, PLLC, we are committed to fighting for the rights and interests of investors in Austin, Texas. If you suffered substantial investment losses and you want to find out if you have a claim, please do not hesitate to contact us today at 1-888-637-5518 to arrange a free, fully confidential initial consultation.