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Stock Fraud
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Unfortunately, stockbroker fraud has become an all-too-common occurrence in today's world of excess and insatiable monetary appetites. Stockbroker fraud attorneys are often the only hope for people who have trusted their money and their future to less than scrupulous brokers who have either intentionally mismanaged their funds or mismanaged funds due to incompetence. In either case, there is legal help out there for those of you who have been taken advantage of by shady or incompetent brokers.
Stock fraud comes in many shapes and sizes, but one of the most highly publicized methods of stock fraud is insider trading. Take, for instance, the case of Martha Stewart, whom many felt was simply operating "on legitimate tips". The courts disagreed, and the Domestic Diva was sent to a minimum security prison for many months.
Shamoon Rafiq, who was arrested for scamming people with a false Google stock sale, has plead guilty to wire fraud. Rafiq was arrested for attempting to sale bogus, pre-IPO Google stock. He faces 51 to 63 months worth of jail time.
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Securities Fraud Lawyers - No Recovery No Fee Securities and investment fraud (stock broker fraud) can occur at the brokerage home office, by your individual stockbroker, or through mutual funds. Fraudulent behavior may be negligent, or may intentionally disregard the investor's needs, wishes, or position in life. Securities and investment fraud always involves disregard of the financial interest of the customer.
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[One] type of stock fraud occurs when insiders are hired to artificially meddle with the value of a stock. Therefore, the price goes up or down accordingly, with the public scammed in the process. This style of stock fraud is sometimes difficult to track down, but the sentences are becoming harsher for those found guilty of manipulating the market in this way.
Securities Fraud Lawyer Have you been the victim of stock fraud or securities fraud? Did your stockbroker recommend investments without explaining the risks? Did your broker make trades in your account without your permission or understanding? Did your stockbroker fail to diversify your portfolio or otherwise operate outside established guidelines? If you can answer "yes" to any of these questions, you may be a victim of stock fraud or securities fraud, two increasingly common and financially damaging types of white collar crime. Fortunately, a stock fraud lawyer may be able to recover some compensation for your losses.
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