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Securities Fraud Attorney

Helping Kentucky Residents recover from brokerage firms’ and financial advisors’ mistakes

Understanding the trends in trade and operations with stocks and bonds may only come after years of experience. Eventually you may discover that in some instances both, your success and your profit could have been better and higher, respectively. But, instead, you entrusted your money to a broker that has conducted transactions on your behalf with your stocks and bonds. You suddenly lose much of what you’ve had invested. Recovery is tough and is not always successful. Most stock and bond losses result from changing market forces, economic factors, and technical trends that have little or nothing to do with the advice you receive from your stockbroker or advisor. If your wealth has been affected by a bad advice or a wrongful action of a stockbroker, you may be able to recover some or all of your losses for securities fraud.

There are several kinds of self-regulatory organizations (SRO):

- NASD:

National Association of Securities Dealers. NASD is an industry organization that represents persons and companies that have been involved in the securities industry in the United States. You can read more on NASD.

- NYSE:

New York Stock Exchange, also known as “Big Board”. Largest stock exchange in the world by dollar volume and the second largest by number of companies listed. It is an organization with a global capitalization of 23.0 trillion US dollars as of September of 2006.

- ASE:

American Stock Exchange, a self-regulatory stock exchange company located in New York City. The company specializes in trading small to mid-size stocks.

Most brokerage companies require that their clients be contractually bound to submit all disputes to binding arbitration before those Self Regulatory Organizations. The standard binding document of contract is a new account form of a brokerage firm that is signed by investors and it is the one that requires arbitration for disputes. When an investor initiates a complaint he can possibly recover losses through an arbitration proceeding. Security rules may have been violated and the discovery of such facts may come from the analysis of monthly statements, confirmations, and all correspondence with your brokerage firm. The seven most common complaints include a breach in a fiduciary duty of a broker, excessive trading (churning), misrepresentation, unauthorized trades, unsuitable recommendations, mutual fund switching, and front-running (also known as forward trading, it is an illegal activity when a trader accepts a position within an equity well in advance of an action which he knows brokerage will take that will move the equity’s price in a predictable direction).

Just in the year of 2006 42% of all arbitration cases filed and heard with NASD have resulted in the customer’s compensation award where the customer was awarded compensation for damages. If hearing is required, resolution can take up to 15 months; howeverclaims can sometimes be settled through negotiation.

Hans has a degree in finance. He was taught by securities experts that have worked and got their experience on Wall Street and who routinely testify before Congress on securities issues. Hans has access to these securities experts for analysis on your securities fraud case. If you believe that your broker’s actions have caused you to lose your wealth, contact Hans and Poppe Law Firm, so we can further help you. We will initiate the case analysis, determine the strategy and proceed with arbitration. We will explain everything to you Call The Poppe Law Firm today.