|Investments sold by brokers, financial advisors, and broker dealer investment firms licensed by the Financial Industry Regulatory Authority (FINRA) are often recoverable. FINRA offers an arbitration forum as an alternative to court that can be more efficient, effective, and faster than litigating in federal or state court.
If a broker has committed fraud, or been indicted by a regulatory agency such as the SEC, and your investment has suffered, you may have a case against the responsible financial institution. Many investors are not even aware of which financial institution processed a transaction, or that such a firm had a responsibility to do due diligence before approving a product for sale. Brokerage firms registered with the Financial Industry Regulatory Authority are responsible for the conduct of their brokers.
Indictments of brokers such as Investors Capital Corp’s broker in Massachusetts, or the Michael J. Oppenheim and Alexandra Oppenheim case in which a JP Morgan Chase investment advisor was arrested (http://www.usatoday.com/story/money/business/2015/04/16/jpmorgan-investment-adviser-fraud/25891775/), or other investment clubs, may often give rise to civil liability against the financial institution that hired the broker and approved investment transactions.
If you have significant losses, please contact Attorney Daniel A. Bakondi, Esq. today for an assessment of your options and investment loss recovery strategies.
Attorney Daniel A. Bakondi, Esq.
The Law Office of Daniel Bakondi
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