Investment Scam: Do You Have a Case?
Consumers do not only invest money in traditional offerings like commodities, bonds, and stocks; they also invest in less traditional offerings.
While standard securities are governed by both CFTC (Commodities Futures Trading Commission) and the SEC (Securities and Exchange Commission), non-traditional offerings may either lie outside the jurisdiction of both the CFTC and the SEC or fall under the jurisdiction that is shared with FTC. These offerings are well within the law, though they operate differently than stocks and bonds and often have a more volatile behavior. These non-traditional offerings include precious metals, rare coins, and art. However, scam artists have taken thousands of dollars from consumers by selling these types of investments, and if certain unlawful practices took place, you may have a case of investment fraud.
Some of the things you should do before finding a securities fraud lawyer are:
- Determine if your loss was due to a fraud. Did a smooth-talking professional scam-artist mislead you? Was more in line with a Ponzi scheme (where the broker takes your money to reward previous “investors”, and rewards you with future investors’ money, telling the victims that their “funds” are doing very well)?
- Other examples of fraud include:
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Doctoring of documents, fact sheets or other information to make stocks or funds appear more attractive then they truly are.
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Seller makes unauthorized transactions on your portfolio.
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Your broker fails to follow instructions given by you when it comes to either buying or selling investments.
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Your broker invests your money in unsuitable stocks without asking your permission so that he is benefited.
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There are two types of lawsuits involved in investment fraud, class action investment fraud lawsuits and independent investment fraud lawsuits.
An independent investment fraud lawsuits are when you file an individual lawsuit against those responsible for the fraud. In such a lawsuit, an investment fraud lawyer represents your case on your behalf in a court of law. In such lawsuits you can get the advantage of a jury trial, and complete discovery of the misconduct is possible. There is less assurance of success, as you will alone be facing your opposition, as opposed to a class action suite, where many people sue at once, providing much more proof of misconduct.
Class Action Investment Fraud Lawsuits is one in which you can join with other plaintiffs to file a lawsuit against those responsible for the fraud. This kind of lawsuit will both lower the legal expenses that you have to bear as well as maximize the possible settlement you will get.
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As with any lawsuit you should hire an experienced investment fraud lawyer to handle your case. For a case requiring an Atlanta Georgia securities fraud lawyer, the author recommends the law office of Smiley Bishop and Porter to assist you in finding the best legal counsel for your case.
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