Securities fraud involves the unlawful practice of a stockbroker operating within the stock market. There are many different crimes that a broker could commit on the trading floor. The most common examples of unlawful practice involve a broker purposefully deceiving its investor- either by lying, misleading or thieving from their client.
One situation that may require you to hire a securities fraud attorney is if you have lost an extreme amount of money in an investment, and you feel that the circumstances surrounding your loss are suspicious. For example, if you believe that a broker initially presented you with information that seemed to guarantee a financial gain but then failed to deliver this promise- then you may require a securities fraud attorney. Securities fraud attorneys not only provide legal representation in court, and endeavor to compensate you for any losses through settlements and fines, but also work to find evidence for your case. If you feel that you may have been deceived, a securities fraud attorney can compile research and access resources to prove your broker’s misconduct and investigate the full extent of your case.
A second situation that may require you to hire a securities fraud attorney is if you have substantial evidence to prove that you were a victim of securities fraud. In this instance, a securities fraud attorney would serve more as legal representation than an investigative resource, and they could represent you in a court of law. Securities fraud attorneys are specialists who know the inner workings of securities law, so hiring a securities fraud attorney would guarantee an experienced and effective defense on your behalf. This, in turn, could ensure that you receive fair compensation for any crimes committed against you and that your stock broker is prosecuted and charged as is appropriate.
A third situation that may require you to hire a securities fraud attorney is one where your savings or pension were lost in a poor investment. In these situations especially, a securities fraud attorney can investigate all aspects of your investment and determine the feasibility and legality of your case. This is particularly important if the results of your case will determine your quality of life. For example, if your income through pension or savings was reliant on the investment, and losing a legal battle could result in you suffering a total lack of funds.