Securities Lawyers Blog
The securities attorneys of Gana Weinstein LLP are experienced in helping investors recover investment losses due to various investment fraud schemes including Ponzi schemes, investment value manipulation, and outright theft and conversion of funds.
Unfortunately, the vast majority of investment fraud victims do not receive any recovery for a variety of reasons. First, many victims are embarrassed and feel a sense of guilt over having been deceived and prefer not to talk about the experience. Second, many victims believe that investor recovery is conducted by regulators and if a regulator such as the Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA) take action investors are entitled to those funds. The truth is regulators rarely compensate victims for their losses and if they do the process can take years, in some cases around a decade, during which time investors may loss their legal rights to pursue additional avenues of recovery.
Often time the best, and in many instances the only avenue of recovery, is by hiring a private attorney to investigate and pursue your claim. The SEC has stated on its website that “It is important to understand that not all harmed investors will be able to recover money. Investors who do recover money may receive substantially less than their losses. In addition, even when harmed investors are able to recover money, the process for distributing the money to harmed investors may take a long time.”
On FINRA’s website the regulator lists attorneys who are members of the Public Investors Arbitration Bar Association (PIABA) as a resource for defrauded investors. The lawyers of Gana Weinstein LLP are members of PIABA.
When a securities fraud victim contacts our firm the first thing that our attorneys will explore are the persons and entities involved in the fraud scheme. Often times the person who committed the investment fraud will not be a viable defendant. However, depending on the nature and circumstances of the scheme often times there are other persons and entities involved who assist in the fraud or have supervisory responsibilities over persons involved in the fraud. Due to the complexity of the securities industry is unlikely that a victim of investment fraud will be able to make these connections and determinations without the assistance of experienced counsel.
Sometimes after our investigation we are unable to help the defrauded victim. But we believe that victims of fraud should explore all of their options and avenues of potential recovery.
Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation. Investors may be able recover their losses through securities arbitration. The attorneys at Gana Weinstein LLP are experienced in representing investors in cases Ponzi schemes, investment fraud, and broker theft. Our consultations are free of charge and the firm is only compensated if you recover.