Securities Litigation Attorneys
At Phillips Law Group, we know brokers and publicly traded companies have a duty to provide truthful information to shareholders regarding their investments. When this duty is breached, the investing public risks losing their hard-earned money. Millions of dollars are often at stake when corporate insiders fail to adhere to best investing practices.
If you have been the victim of an investing company’s unscrupulous actions, you may be entitled to file a lawsuit to recover your losses. Because securities law is complex, it is important to consult with an attorney who is well-versed in this type of litigation.
The securities litigation attorneys at Phillips Law Group have helped hundreds of clients win millions in verdicts and settlements. We have decades of experience representing investors, and we possess a deep understanding of how capital investments work. We will combine our extensive knowledge and experience when reviewing your claim to help ensure you receive the most successful outcome possible.
If you believe your investment losses were due to dishonest brokers or corporations, contact the experienced securities litigation attorneys at Phillips Law Group today. We work on a contingency fee basis and only get paid when you win.
Securities Litigation Cases
Securities litigation cases arise from instances of securities fraud. This type of fraud occurs when brokers or corporate insiders provide misleading or false information to investors regarding their money. Oftentimes, the broker or corporation fails to disclose information that would directly influence an investor’s decision to buy or sell stocks, bonds or mutual funds.
There are numerous types of securities litigation cases that can be filed in a court of law. Each case is dependent upon several different factors, including instances of:
Broker negligence – Brokers have a duty to recommend investments that are reasonably suitable and do not put their clients at risk of financial harm. This includes conducting an adequate suitability analysis, disclosing penalties to the investor and diversifying the investor’s portfolio. If a broker or firm fails to act responsibly on behalf of the investor, a negligence claim can be pursued. However, negligence claims do not require proof of intent to cause harm.
Investment fraud – Investment fraud is any scheme or deception involving investments that affect a particular individual or business. These types of schemes are often characterized by offers of low or no-risk investments and guaranteed returns. Investment fraud practices can include insider trading, market manipulation fraud, Ponzi schemes, pyramid schemes and advance fee fraud. Investment schemes typically target members of certain groups, such as religious or ethnic communities, in order to exploit the trust and friendship that exists in groups.
Failure to supervise – Management at a brokerage firm has a legal duty to supervise their brokers’ conduct to ensure that they are properly trained and compliant with state and federal securities laws. If a firm fails to supervise a broker, and the broker commits an act of fraud, the firm can be held liable for its failure to supervise. Firms must have an adequate system for implementing and enforcing their supervisory policies. This includes having written procedures in place, conducting internal inspections, reviewing internal firm communications and filing annual compliance reports.
Churning – Churning is the excessive buying and trading of investments in a client’s account. Brokers often trade excessively to boost their own commissions. Clients end up losing money due to unsound timing of trades and added broker fees. If churning occurs, our firm’s attorneys will work alongside financial experts to prove that unusual trading activity or excessive transactions occurred to generate more commissions for the broker that were not in the client’s best interest.
Other instances of improper investment practices include late-day trading, market timing fraud, earnings mismanagement and companies that issue misleading information. If you believe a person or corporate entity has unethically mismanaged your funds, the securities litigation attorneys at Phillips Law Group can help you file a lawsuit to prevent further financial losses and to hold the responsible parties accountable for their actions. We can also help you recover your lost funds, plus additional compensation.
Why You Need a Securities Litigation Attorney
In today’s fast-paced business environment, shareholders can quickly find themselves facing instances of securities fraud where their money is being handled irresponsibly and inappropriately. Therefore, it is important for affected shareholders to contact a law firm that has the experience and resources necessary to swiftly defend their interests in a court of law.
At Phillips Law Group, our lawyers have handled a multitude of securities litigation cases and regularly handle matters before the Securities and Exchange Commission, Financial Industry Regulatory Authority Dispute Resolution, and state and federal courts across the country. Our wide-ranging, unparalleled litigation experience includes such diverse financial investments as:
- COOs, CMOs and other mortgage-backed securities
- Hedge funds
- Structured products
Through our multidisciplinary approach to securities litigation cases, we can formulate strategies and take steps designed to limit client risk. Additionally, we are not only securities litigation attorneys, but we are also trial lawyers with a vast amount of jury and non-jury trial experience that we can utilize to help ensure a victory.
When choosing Phillips Law Group, you can take confidence in knowing we are fully committed to helping you win the maximum amount of compensation allowed by law.