Liability for Misinformation
A classic type of securities fraud is when advisors/sellers lure investors into transactions with fraudulent statements or misinformation. When the advisor is the author of the fraudulent statement, liability is clear. When the advisor merely passes along a fraudulent statement made by another, liability is not so clear – at least under federal law. The U.S. Supreme Court agreed last week to hear a case where the question is whether under federal law a defendant who merely passes along a fraudulent statement violates federal law. Under California securities law, any communication (whether authored by defendant or merely passed along) that includes a misrepresentation constitutes a securities violation of State law. Calif. Corporations Code § 25401. The securities lawyers at Evans Law Firm, Inc. believe investor protection should be as broad under federal law as it is under California law.
Our San Francisco and California securities fraud attorneys. represent victims of all types of securities fraud and class actions and whistleblower cases in federal and California courts, including cases involving fraudulent statements and misrepresentations. If you are over 65 any securities fraud will also constitute financial elder abuse entitling you to extra damages and reimbursement of your attorneys’ fees and costs in suing the wrongdoer. If you or a loved one lives in California and has suffered a loss as a result of securities fraud, call us today at (415)441-8669.
As a reminder, always check out the background of any broker or advisor – and the firm they represent – before transacting any business with them. The SEC and the California securities fraud lawyers here at Evans Law Firm encourage you to use the free and simple search tool on http://Investor.gov. Be cautious of any broker or advisor or firm with a history of misconduct, including disciplinary actions by the Financial Industry Regulatory Authority (FINRA). By taking this simple step, you may protect yourself against potential fraud.
If you have been defrauded by a broker or advisor through securities fraud, call the San Francisco and California securities fraud attorneys at Evans Law Firm, Inc. at (415) 441-8669, or by email at <a href=”mailto:email@example.com”>firstname.lastname@example.org</a>. Our attorneys have experience with fraud and financial elder abuse cases and complex qui tam or whistleblower cases including offshore tax avoidance cases, complex financial contract cases and cases against large insurance companies. We can help guide your case through a jury trial or toward an equitable settlement. We also handle cases involving physical elder abuse, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.
 Evans Law Firm, Inc. is not involved in the case in any way.