There are countless individuals who fall victim to investment fraud due
to negligent advisors or we may have been a potential target. This increases
the importance of understanding how to deal with the aftermath of the
financial loss. Not only does the victim experience the difficulty of
the financial loss, but it can also result in serious emotional trauma.
The Financial Industry Regulatory Authority (FINRA) has released some of
the things that victims should do if they have been victims of investment
fraud. This recovery checklist can help you get through this matter as
positively as possible.
Gather Your Investment Fraud Information
Create a file that has all of your documents detailing the fraud. Keep
this file in a secure location so you know where to access it when needed.
This should include the name of the investor, their mailing address and
any other contact information you may have. If possible, keep a timeline
of the events so you can use this as evidence if necessary.
Protect Your Rights
If you are a victim of investment fraud, you have specific rights to take
action. By knowing your rights, you can effectively move towards recovery
of your funds, as well as what action may be taken against the investor
who wronged you.
Know How and to Whom to Report the Fraud
When you believe you have been a victim of fraud, there are various agencies
to whom you can report the incident. For instance, various regulators
who watch over the world of investments can include FINRA, the Securities
and Exchange Commission, and other government agencies. You can also report
criminal behavior to the correct law enforcement.
Consider Your Options
As any victim of investment fraud would, when you suffer a financial loss,
you will want to consider ways to recover the funds lost. This means you
can seek legal assistance to help go through the correct avenues and seek
recovery on your behalf.
At Meyer Wilson, our investment fraud lawyers are determined to help victims
of fraud understand their rights and seek to recover the financial losses
they may have suffered. We are here for you. Call us today or
fill out our online form to get started.