Stock Fraud Category Archives — Page 7 of 7 — Securities Fraud Lawyers Blog Published by Securities Fraud Attorneys

A Florida Investment Fraud Attorney Can Help If You Have Been the Victim of a Pump and Dump Scheme

Published on: October 30, 2015 | by Savage Villoch Law, PLLC

A pump and dump scheme is a form of investment fraud where people artificially inflate the price of stock they own, and once it has reached a certain price they will sell it before the price goes down again. The perpetrators of such a scheme raise the stock price by creating synthetic hype around the stock. At one time this was normally done by cold calling. An individual claiming to be an expert stockbroker might randomly call people to inform them of a stock that was virtually guaranteed to go up, and that failing to invest in it would mean missing out on perhaps thousands of dollars. One variant of cold calls would be to leave a message on somebody’s answering machine or voice mail. The message is worded in such a manner that the victim believes the caller had reached the wrong number, and now has access to valuable inside information which must be acted on very quickly.
These days such fraud is more often committed online. The Internet allows for far more potential victims to be reached, over a shorter period of time. Messages might be posted on bulletin boards advising visitors to purchase the next hot stock. If enough people take the bait, the stock price will go up. Later posts might point out that the price of the stock in question has, in fact, become more expensive, which leads to even more shares being sold.
At some point the perpetrators of the scheme will sell, or dump, all of the shares. This is generally done when they are satisfied with the profits that will result. When a large number of shares are dumped the stock price plummets, usually to a price that is less than what the victims of the scheme paid, resulting in monetary losses for them. Pump and dump schemes generally target micro- and small-cap stocks, because they are most easily manipulated. These stocks do not have a great number of shares being traded, and therefore their price can be influenced by a smaller number of trades. If you have been the victim of a pump and dump scheme, please contact us today to discuss your options.

Do you need a Florida stock fraud lawyer? Contact us today!

Published on: October 23, 2015 | by Savage Villoch Law, PLLC

The Savage Law Firm is pleased to serve the Tampa area, especially for those residents who are in need of a Florida stock fraud lawyer.

How do you know if you need a Florida stock fraud attorney? Here’s some things you need to consider:

Has your stock portfolio decreased, significantly, due to negligence or incompetence from your stock adviser? If so, you are protected by both state and federal laws against this sort of thing. As the victim of a predatory adviser, you have the right to seek restitution if your adviser is proven to be negligent, unsuitable, fraudulent, and/or illegal in his/her dealings.

Using FINRA Arbitration-A Florida Stock Market Attorney Can Help

Published on: October 9, 2015 | by Savage Villoch Law, PLLC

Have you lost money due to the careless mistakes or intentional fraud of a stockbroker or other financial adviser? Using FINRA arbitration, we may be able to recover your loss. An FINRA claim is made on investment deals with stocks, annuities, mutual funds and bonds. Using a Florida stock market attorney, you can see justice for your wrongdoing.

If you have a claim against a financial advisor or stockbroker, they are required to go to arbitration before FINRA. Rather than a long drawn out court hearing, the Financial Industry Regulatory handles the session. There will be 1-3 arbitrators at the hearing, and a decision will also be made at that time. The wait for a hearing takes about a year. It depends on the size of the claim as to how many arbitrators will be assigned. More than 60% of all cases are settled, and there’s no need for a hearing.

These circumstances are difficult, and there is much paperwork. An investment fraud attorney can help with the FINRA arbitration case and get your money back. What are the most common types of investment fraud, they are:

Get Your Money Back With A Florida Investment Fraud Attorney

Published on: October 2, 2015 | by Savage Villoch Law, PLLC

Saving for retirement is a sacrifice. Entrusting a securities firm to manage your money is a leap of faith. You expect nothing less than candid, professional and precise information regarding your investments. Sometimes, dishonest stockbrokers and savings advisers take advantage of an investor’s vulnerable position. Due to the dishonesty of others, you could be facing the loss of a large amount of money. Fraud may be from bad investment advice, a conflict of interest, or other misfortune. When your retirement income is gone due to fraud, you need help getting back your life’s savings and making sure the guilty parties get their day in court.
Broker misconduct and investment fraud can take place in many ways. Perhaps you’re a victim of excessive trading, breach of fiduciary duties, bond fraud, falsifications or errors, illegal trading, general misconduct or Ponzi schemes. Beware, as fraudsters come in all shape and sizes. These individuals are often respected in the community and appear well-educated.
As a Florida investment fraud attorney, we’re dedicated to representing you against the fraudulent handling of your money. Regardless of what has occurred, we can help you recover your loss. We will examine the information and see if you have a case. Don’t think that you have to take this loss; you have a right to fight for your money. Call today to schedule a consultation and see how our service team can help you. It’s a sad situation; but a legal adviser can be a source of support and give you the answers you need to hear. Don’t get mad, get even by taking them to court!

What Constitutes Stock Broker Fraud?

Published on: September 4, 2015 | by Savage Villoch Law, PLLC

Stock broker fraud, also known as investment fraud, occurs when a financial professional or firm offers incomplete, inaccurate or biased information that ends up benefiting the adviser or firm and not the investor. A single individual can commit this type of fraud or it may occur on a corporate level and can run the gamut of investments from penny stocks to multi-million dollar trades.

All investment professionals are legally bound to exercise due care when representing the interests of their investors. When a broker fails to meet financial industry standards of care and harms an investor’s interests, the investor can make a claim against the individual or firm for professional negligence and fraud with the help of a Florida stock broker fraud attorney.

Stock fraud practices can include:

Fake Technology Investment Scheme Calls for Expertise from a Florida Stock Fraud Lawyer

Published on: August 7, 2015 | by Savage Villoch Law, PLLC

Like many investment schemes, the opportunity to invest in a Florida technology company developing a product for the NFL sounded too good to be true. In fact, it was entirely false. Now three Florida men are in prison for their roles selling shares in the fake company.

Stock fraud, also known as securities fraud, is a scheme to entice investors to make buy stock using information that is incomplete, misleading, or even false. The untrue statements can be related to a company’s financial statements, or its business plans. When an investment opportunity sparks suspicion, a Florida stock fraud lawyer can help you determine what to next.

In the fake NFL technology company scheme, federal prosecutors said that the victims, many of them seniors, were enticed to invest in a Miami Beach company that the fraudsters claimed was soon-to-go public, the South Florida Sun-Sentinel reported.