Each year, individuals and companies lose millions of dollars due to the mismanagement of invested funds.
According to the Harvard Law School Forum on Corporate Governance, the number of securities class action lawsuits continues to increase, and investors often struggle to recover the resources they entrusted to a negligent broker or business.
However, the U.S. Securities and Exchange Commission (SEC) requires that those who invest money for others follow specific ethical and legal guidelines, including the responsibility of maintaining client confidence. If the client experiences a breach of trust, the investment firm may be held accountable in a court of law.
Overcoming the loss of your investment can be difficult to manage on your own. If the Chicago firm responsible for the proper investment of your funds caused you to suffer financial loss due to their dishonest or negligent actions, Ben Crump Law, PLLC can help you seek compensation. Call us today at 800 959-1444 to speak with our firm.
Securities Fraud and Investor Protections
Securities litigation encompasses many different circumstances related to both individual and corporate investments. Whether you hire a broker to invest your personal finances or you invest as a shareholder in a large corporation, you can fall victim to corrupt financial processes that lead to the loss of all or part of your investment.
The U.S. Securities and Exchange Commission has rules to ensure that all brokers and brokerage firms must follow regarding the firms’ duties to their clients. There are a few ways a brokerage firm can commit fraud and cost you money.
Misrepresentation
Essentially, misrepresentation involves knowingly making untrue statements regarding profits, products, partnerships, and other aspects that involve the financial status of a company and its investments. For example, an executive may present falsified financial statements to the company’s shareholders.
Churning
Churning refers to the act of excessively trading stocks to make a profit as opposed to acting in the best interest of the client. While churning can be difficult to prove in a lawsuit, a Chicago security litigation lawyer can help you gather the documents to build a case.
Omission
When a broker or investment company either makes no disclosure or only discloses part of what the law requires, they commit fraud by omission. This type of fraud may occur in conjunction with misrepresentation.
Unsuitability
To act in the best interest of their clients, investment professionals must only develop strategies and make investments that suit their clients’ goals. Unsuitability refers to a form of fraud in which brokers and firms intentionally make irresponsible or unsound investments that lead to the financial loss of their clients.
If you lost part or all of your investment due to these violations or other forms of fraud, Ben Crump Law, PLLC can help you pursue the recovery of your funds. Contact our team online today, and we will respond to discuss your free case evaluation.
For a free legal consultation with a lawyer serving Chicago, call 800-959-1444
Types of Securities Litigation
A Chicago security litigation lawyer can help you pursue different types of securities litigation, depending on your goals and circumstances. In addition to holding investment professionals, firms, and corporate executives who have breached their duty to investors responsible for their actions, these suits may also help you achieve compensation for your financial loss.
Class Action Lawsuits
If you and many other shareholders or investors have a common concern about a particular firm or company, an attorney may build a class action lawsuit against the defendant, in which they pursue the case in court on behalf of a group of individuals. Our lawyers can help you participate in a class action lawsuit to seek the justice and compensation you deserve.
Individual Lawsuits
When you place your trust in a negligent broker, brokerage firm, or organization with the goal of responsibly managing your finances, the resulting loss may leave you feeling frustrated and alone. Pursuing your case in court may be challenging, especially in a vulnerable financial state. A security litigation lawyer on our team might be able to relieve some of the burden by helping you move forward with your lawsuit, and you owe us nothing unless we recover an award for you.
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Our Securities Litigation Legal Team
Our legal team will take a one-of-a-kind approach to handle your securities litigation case. We work closely with The Rosen Law Firm, whose focus on securities litigation allows us to provide legal counsel from multiple perspectives through client support and demonstrated results.
We offer each client a free case evaluation, in which we will help you determine if you have a securities litigation case. Our legal team will collect appropriate documentation and request information as needed to support your case. After our firm reviews the details, we will organize the documents and work with you to strategize a case that supports your goals.
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Ben Crump Law, PLLC Might Be Able to Help You
We understand the catastrophic effect that your financial loss may have on your life. When you choose an individual or company to trust with your investment, you make a major decision that can affect you and your family for years to come. In acting responsibly as an investor, you rightfully expect that the company managing your assets will do the same. Despite legal protections designed to prevent unfavorable circumstances, you may still find yourself a victim of securities fraud.
If you experienced the loss of financial resources due to the mismanagement of your funds, you might benefit from seeking the legal assistance of a Chicago security litigation lawyer. Ben Crump Law, PLLC can help you. Contact us today at 800 959-1444 to discuss your case with our team.
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