From having spoken to many victims of securities fraud – the hardest thing for many investor victims is asking for help. More specifically, admitting to anyone that they had been taken advantage of. Many victims express feelings of shock, disbelief, and often times shame for having been, apparently, an easy mark for the fraudster.
The truth is there is nothing to be a ashamed of. Fraud is a multi-billion dollar business ensnaring tens of thousands of victims a year. The only real question is – what are you going to do about it? Our investment attorneys are here to help. We’ll let you know what the potential avenues of recovery are. Consider reaching out to our firm and refusing to be another victim while considering the following SEC statistics concerning their regulatory efforts in 2016.
In 2016, the SEC filed 868 enforcement actions exposing financial reporting-related misconduct by companies and their executives and misconduct by registrants and gatekeepers.
Set a new single year high for SEC enforcement actions for the most ever cases involving investment advisers or investment companies (160) and the most ever independent or standalone cases involving investment advisers or investment companies (98).
The SEC also filed new record high actions under the Foreign Corrupt Practices Act (21) and money distributed to whistleblowers ($57 million) in a single year.
Obtained judgments and orders totaling more than $4 billion in disgorgement and penalties.
The investment lawyers at Gana Weinstein LLP represent investors who have suffered investment losses due to allegations of wrongdoing. The majority of these claims may be brought in securities arbitration before FINRA. Our consultations are free of charge and the firm is only compensated if you recover.