Your financial assets provide you with a measure of security, especially in an uncertain future, and a financial advisor or planner can help you make the most out of your money, property, retirement and savings plans, and stock purchases. But who protects you when your financial advisor turns out to be stealing or mishandling your money?
With the help of an experienced lawyer from our San Francisco securities fraud law firm, you can take extra steps to protect yourself, and ensure that your money is being handled the way you want it to be. And if you should fall victim to a fraudulent scheme run by someone who handles your finances, a stock fraud lawyer is able to hold the party responsible accountable, and, if possible, restore your financial peace of mind.
Types of Fraud
There are several ways to commit securities and stock fraud, and most of them occur when a company or financial professional fails—either deliberately or accidentally—to follow the regulations set forth by federal groups such as the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), or the laws of their state, and mishandles or inappropriately invests funds entrusted to them.
Securities and stock fraud can fall under two headings—civil or criminal—and each type differs in processing in court. In a civil securities fraud, the case can be brought by either the government or an individual, and wronged parties seek restitution or monetary recompense for their losses. In contrast, a criminal securities fraud case is prosecuted by the federal government, and can result in heavy fines and jail time for those charged with fraud.
Although there are a variety of practices that can lead to criminal or civil charges, securities fraud lawyers at our San Francisco law firm report that the most common types include:
- misrepresentation, either of financial findings (statement fraud) or material facts in documentation,
- unsuitable or inappropriate investment options and advice,
- Ponzi schemes and other types of investment fraud,
- market manipulation,
- frequent turnover in investments,
- abuse and manipulations of funds handled for older clients,
- and insider or unauthorized stock trades.
The Financial Industry Regulatory Agency (FINRA) keeps close tabs on stockbrokers and banking professionals who offer financial services such as stock handling and investment planning. When a financial advisor takes actions that are not reasonably in your best interests, or without your knowledge and consent, you could stand to lose a substantial amount of money and financial security. A skilled lawyer can take up your case and help you get your money back.
At the Evans Law Firm, Inc., our lawyers serve clients in the San Francisco bay area and surrounding counties who have fallen victim to a phony financial scheme or mismanaged investments and securities at the hands of an advisor or financial professional. To discuss your case, contact our San Francisco securities fraud law firm today at 415-441-8669 or www.evanslaw.com for a free, no-strings consultation.