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Securities & Stockbroker Fraud

California Securities Fraud Attorney

Financial advisors, stockbrokers, investment managers and advisors are bound to certain ethical duties. As trusted financial services professionals, their conduct is overseen and monitored by the Financial Industry Regulatory Agency (FINRA). FINRA prescribes and maintains rules and regulations that stockbrokers and other financial professionals must follow by law.

For example, FINRA Rule 2111 states that any brokerage firm or affiliated individual must “have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member of associated person to ascertain the customer’s investment profile” (emphasis added).

A California Securities Fraud Law Firm: Protecting Your Investments

Evans Law Firm, Inc. is a California securities fraud law firm. Much like FINRA, we hold unethical stockbrokers and financial professionals accountable for their actions by following through with legal action.

Many financial advisors attempt to skirt the rules of FINRA, especially when their clients are elderly. Seniors often fall prey to scams and schemes because they trust their investment advisors to keep their best interests at heart. They are not experts in the financial industry and assume their representative is doing what is best for them and their investment.

It is the duty of financial advisors to act in their client’s best interest—regardless of the amount of the investment, the client’s age, or their knowledge of the industry. While trusted and ethical financial advisors do exist, it is important to be aware of those who privilege profit over the suitability of their clients’ investments.

How We Can Help

A California securities fraud attorney at Evans Law Firm, Inc. handles FINRA securities arbitrations on behalf of senior victims of securities abuse and fraudulent sales of securities, including variable annuities.

Some of the following claims examples constitute fraudulent investor practices:

  • Unsuitable or inappropriate advice or recommendations;
  • Churning, or frequent turnover of investments in order to increase commission;
  • Omissions and/or misrepresentation;
  • Over-concentration and/or failure to diversify;
  • Financial abuse of elders by selling of unsuitable securities, including variable and other deferred annuities;
  • Failure to give appropriate advice with respect to employee stock options;
  • Pension fund fraud; and/or
  • Mismanagement (negligence or failure to act in accordance with the standard of care), negligent supervision by brokerage firms, and brokerage malpractice.

As demonstrated by the arbitrations and litigation of our California securities fraud law firm, it is essential to regularly monitor your investments and ensure your finances are in order. If possible, retain independent advice, and be on the look-out for anything suspicious.

Contact Evans Law Firm, Inc. Today

If you or a loved one has suffered a loss of income or savings from fraudulent investments and the stock market, you may be eligible to bring a lawsuit or enter arbitration. By contacting a California stockbroker fraud attorney at Evans Law Firm, Inc. you are taking the first step to regaining your investments.

For a free and confidential consultation regarding FINRA / NASD Securities Arbitration cases or other instances of financial elder abuse, contact a San Francisco securities fraud attorney at Evans Law Firm, Inc. at info@evanslaw.com or call 415-441-8669.

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San Francisco/Bay Area
3053 Fillmore Street #236
San Francisco,CA 94123

Phone: 415-441-8669
Toll Free: 888-50EVANS
Fax: 888-891-4906
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Southern California / Los Angeles / San Diego Office
6701 Center Drive West
14th Floor

Los Angeles, CA 90045

Phone: 415-441-8669
Toll Free: 888-50EVANS
Fax: 888-891-4906
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