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more_legal_areas stock_fraudIn the past several years, more and more evidence has come to light indicating that stock fraud is more prevalent than previously thought. The number of stock fraud cases that are filed has increased correspondingly, with many individuals and corporations deciding to file a stock fraud case in an attempt to recover financial losses. For many people, a successful stock fraud case can also bring some satisfaction in knowing that justice was done.
If you think that you or a loved one has a potential stock fraud case, it is strongly advised that you first contact an attorney before attempting any action on your own. Stock fraud cases can be derailed quite early in the process, and any contact that you have with the stock firm may be used against you during later proceedings, should a stock fraud case require a court hearing. In many cases, a good attorney experienced in representing the plaintiffs in stock fraud cases can help settle the case to your satisfaction while avoiding the expense and stress of a courtroom procedure.
Recent contracts with brokerage firms often include a clause that any stock fraud cases will be subject to arbitration, but if no arbitration agreement exists, the investor may file the stock fraud case in a civil tort action, although he or she may prefer arbitration instead. If a stock fraud case goes to arbitration, the investor has some say in the forum in which the case will be settled, and an attorney can be invaluable at this early juncture in helping to determine the proper venue.
Investors who file a stock fraud case for arbitration are allowed to represent themselves, but also have the option to hire lawyers to represent them and guide them through the process. If your stock fraud case involves any of these factors, you should seriously consider retaining an attorney: the amount of money lost exceeds $15,000; the incident may be covered up; more than one defendant is named; the case is particularly complex. In addition to offering crucial guidance and advice based upon their own stock fraud case experience, attorneys may cause the respondent to take the investor more seriously, increasing the chances that the stock fraud case may be settled favorably. And of course, the respondent in arbitration will most likely be using professional counsel.
Consulting an attorney experienced in working with stock fraud cases can help investors may key decisions with confidence. To learn more about the specific requirements and options that a stock fraud case entails, contact a lawyer familiar with securities law and investor rights
A recent Securities and Exchange Commission (SEC) survey of 15 large brokerages shows that 13 of them appeared to give preferential treatment to fund companies from whom they received financial compensation. Techniques ranged from featuring the fun...