Securities Fraud, Misrepresentation & Churning Attorney Phoenix
There are many different ways a stockbroker or investment adviser can commit securities fraud, from recommending an unsuitable investment to misrepresenting an investment, to stealing from a client. Our Phoenix securities fraud attorneys prosecute and defend claims arising out of alleged violations of federal and state securities laws.
Securities fraud cases can include:
- Churning: Excessive trading to generate fees and commissions
- Failure to diversify: The market consists of many investment areas, and if your stockbroker fails to advise you to diversify, you could end up paying the price if your investment performs poorly.
- Misrepresentations and omissions: If a stockbroker is going to sell an investment, he or she must disclose everything about it. If your stockbroker doesn’t tell you the truth or leaves things out, he or she could be committing securities fraud.
- Selling away: Your stockbroker cannot sell investments that are not approved by the brokerage firm.
- Unauthorized trading: Unless you have given your stockbroker written permission to trade for you, he or she must get your permission for each trade before making it.
- Unsuitable investments: Your stockbroker is required to recommend suitable investments based on your age, risk tolerance and other factors