Securities Fraud Abounds in the U.S. Today  

The financial news is replete with stories of investment advisors like Bernard Madoff, the registered investment advisor that created a Ponzi scheme that bilked investors out of $50 Billion alone.  Further, many Wall Street brokerage firms sold Auction Rate Securities, defrauding investors by telling them these funds were as liquid as cash.  They failed to disclose to investors that these auctions could fail and that’s exactly what happened in February, 2008!  Now many of these investors are trying to recover their losses in arbitration claims, nationally.  

I work across the country as a securities expert witness attempting to recover losses suffered by unsuspecting investors who have been defrauded by brokerage firms.  Most times in these cases it breaks down to material omission or what was not told or disclosed to investors in terms of risk.  Material omission is fraud and your chances of recovery are excellent when the broker has failed to disclose all material facts to you concerning an investment he or she has  recommended.  

If you have suffered losses that are far beyond being market related and you are a person with conservative investment objectives, and have minimal prior investment experience, you may have a case.  Having worked in the securities industry for 3 decades, I have become familiar with “red flags” that are a great tip-off to securities fraud.  For example, Bernard Madoff self-cleared his trades as opposed to using a 3rd. party clearing firm that would have been responsible to investors in safeguarding their securities.  The lack of that independent clearing firm was the “red flag”.  Wall Street firms that marketed Auction Rate Securities as alternatives to money market funds labeled these items on investor’s account statements “money market and auction instruments”  If they were as liquid as cash, why call them auction instruments?  That was the red flag.  

All my information and resources is included on my website at fend.com. Take a look at the standard custom and practice in the securities industry and if you feel you might have been defrauded, call me.