All investors know that the market cannot be perfectly predicted. Investing always comes with certain inherent risks. However, investors should be able to put their faith in the professional competence and basic ethical integrity of their brokerage firm and financial advisor. If you suffered investment losses due to fraud, portfolio mismanagement, or any other form of unethical conduct, you may be entitled to compensation for your losses.
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 Baltimore, Maryland, 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 Securities Fraud Claims
There are multiple causes of action that can be raised to support an investment fraud claim. Some of the most common examples of different types of investment fraud include:
- Breach of Fiduciary Duty: Certain financial professionals owe fiduciary obligations to their clients. If your investment advisor violated their fiduciary duty, you may have a viable legal claim.
- Unsuitable Investments: Investment recommendations must be suitable for the unique needs, financial position, and long-term objectives of an individual investor. If you lost money in an unsuitable investment, you may be eligible for compensation.
- Misrepresentation of Investments: You cannot make wise investment decisions without adequate information. Financial professionals must refrain from misrepresenting investment opportunities or financial products.
- Failure to Diversify: Diversity in a portfolio is one of the keys to reducing risk. Failure to diversify is one of the most common forms of portfolio mismanagement.
- Excessive Trading (Churning): Brokers cannot execute or recommend trades within your brokerage account simply to get additional commissions. Each transaction requires a reasonable basis. Too much trading will result in investor losses.
- Unauthorized Trading: If you lost money because a financial professional made a trade or transaction without your permission, you may be entitled to recovery.
Investor Disputes in Baltimore, MD: FINRA’s Dispute Resolution
The Financial Industry Regulatory Authority (FINRA) oversees most securities fraud and investment fraud claims. Baltimore investors who have sustained losses should be represented by an attorney who has a comprehensive understanding of the securities arbitration process. FINRA arbitration claims are notoriously complex. FINRA arbitration includes:
- Filing a complaint;
- Selecting the arbitrator;
- Conducting pre-hearing conference;
- Going through discovery; and
- The arbitration hearing.
Brokers and brokerage firms are often aggressive when defending claims of misconduct. To protect your ability to get compensation, it is crucial that you present a strong, well-supported legal claim.
Contact Our Baltimore Investment Fraud Attorney Today
At Galvin Legal, PLLC, we have helped many investors across the United States recover fair financial compensation for illegitimate or fraudulent investment losses. If you sustained serious investment losses due to fraud or negligence in Baltimore, Maryland, you need to take immediate action. For a free, fully private consultation, please do not hesitate to call our law firm today at 1-888-637-5518.