Denver Investor Fraud Attorneys
We are knowledgeable Denver stockbroker fraud lawyers
When an investor pays a fee for services from a stockbroker or brokerage firm to handle his or her investments, that stockbroker or brokerage firm is obligated to act in the investor’s best interests. The standards of conduct for this type of relationship are determined by rules set forth by the industry’s various regulatory agencies — the Financial Regulatory Authority (FINRA) and the Securities Exchange Commission (SEC) — in addition to an individual or firm’s own code of ethics. If you believe that your investments have been mishandled by a stockbroker or firm, you can turn to Gersh & Thomaidis, LLC, an experienced Denver investment fraud law firm, to help you.
Types of investment fraud
Our Denver investment fraud attorneys at Gersh & Thomaidis, LLC provide aggressive representation if your stockbroker has caused any of the following:
- Breach of fiduciary duty ― The fiduciary relationship that exists between a stockbroker and investor means that a fiduciary or stockbroker is subject to a high degree of duty that obligates the fiduciary to act in a diligent and faithful manner to further the customer’s best interests. Any act of fraud and misrepresentation, unauthorized trading, unsuitable trading and churning can be a basis for a breach of fiduciary duty claim, in which the wrongdoer has a relationship of trust and confidence with the victim.
- Unauthorized trading ― Trades made in your account without your permission are prohibited even if your broker calls you after the fact to tell you a trade was made. It’s best not to approve these actions by your broker.
- Guaranteed winner ― This type of fraud occurs when your broker promises that the stock will go up and that it is a guaranteed winner. Take note if your broker is overly aggressive. We can help determine if your broker’s actions constitute unlawful misrepresentation.
- Excessive trading ― If your broker is too frequently buying and selling in your account, it can indicate churning, or excessive trading. With such action, your broker generates commissions regardless of your investment goals.
- Insider information ― Trading based on insider information is against the law. If your broker brings you a tip that a stock will go up based on information from sources inside the company that is not available to the public, you may need help. We can help determine which tips are permissible by law and which are not.
- Misrepresentations or omissions ― If your broker tells you a trade is safe when, in fact, it is quite risky and doesn’t explain those risks to you, he or she may be guilty of misrepresentation or material omission. If you have incurred major losses, we can help you.
- Breach of contract ―A breach of contract claim may be based upon the failure of a broker to follow a customer’s instructions. Mismanagement of the account may also be included in a breach of contract claim based upon implied warranties to handle the account with due care and diligence.
If any of these or other situations has happened to you, the stockbroker fraud lawyers at Gersh & Thomaidis, LLC, can help to assess your losses and advise you on the appropriate next steps in the legal process.
Denver investment fraud law firm safeguarding you
If you are worried about a questionable investment or believe that you may have been the victim of an unscrupulous stockbroker, call Gersh & Thomaidis, LLC at 303-293-2333 or contact this Denver investment fraud law firm online to schedule your complimentary consultation. We understand what is at stake for you.