Securities and Stockbroker Fraud

Gerald S. Clay (Jerry) and Scott I. Batterman represent investors in securities claims. They may be able to assist you, if:

  • You are a retirement age investor who lost money because of advice to buy speculative stocks or mutual funds, especially high tech or internet stocks.
  • You are a retirement age investor who lost money because he was advised to buy a variable annuity, especially if the sub-accounts for the variable annuity were high tech or speculative mutual funds.
  • You were sold a "financial plan" that advised you to invest in mutual funds of the same company that the financial planner worked for, and lost money as a result.
  • You were advised to take pension money, IRA money or 401(k) money, and buy a variable annuity.
  • You had a pension from your employer, and when you retired your financial planner or broker advised you to take the distribution as a lump sum and invest it in the stock market, instead of taking safe, regular monthly distributions.
  • You were an unsophisticated investor who lost money due to margin trading or options trading which was never explained to you.
  • You were advised to buy Class B Mutual Funds, without being told about all of the costs involved, or about the possibility of getting a discount by concentrating your purchases (breakpoints).
  • You were victimized by excessive trading (churning) in your accounts by your broker.
  • You were victimized by unauthorized trading in your accounts by your broker.
  • You lost money in internet stocks because of slanted recommendations by analysts like Jack Grubman and Henry Blodgett.

    Stockbrokers are required to know their clients, and to recommend only investments that are suitable for them. A broker must have reasonable grounds for believing that any recommendation is suitable for their customer. Certified Financial Planners can be held to an even higher standard.

    For retirees, suitable investments mean conservative investments, where their life savings are protected, and which earn income for them to live on, through interest and dividends. They cannot afford to lose their retirement savings.

    If these financial planners, stockbrokers and financial advisors failed to give proper advice, or failed to give the clients all the relevant facts about the investments or their fees, they and their companies can be held liable.

    It is your money. You earned it. You must now replace it. Do not feel shame or embarrassment for your losses -- It is not your fault. You are not an investing professional. It is our goal to help you address these issues and perhaps recapture some of your lost money.

    If you think you have a claim against your broker or financial planner, Clay Chapman can assist you in analyzing and arbitrating your case. Please send us an email at sib@paclawteam.com or give us a call today at (808) 535-8475 for a free consultation.

    We will analyze your case at no cost. We accept cases on a contingency fee basis: If we do not collect for you, we do not charge you.