Warning to Investment Fraud Victims: Be Wary of "Free" Offers for Help by Non-Lawyers
Investors who have lost money through investment fraud and misconduct should be cautious of non-lawyer third party companies who offer, often for free, to help recover your losses.
The Attorney General’s Office, together with the Department of Financial Institutions, has released a warning to investors to beware of offers of help after falling victim to fraud or misconduct. There has been a rise lately in third party companies that claim, often for free, to be able to bring wrongdoers to justice and recover money on behalf of fraud victims.
It is sad to think that individuals who have already been victimized once are being pursued a second time by potential fraudsters and scammers.
Investors should also be on the lookout for companies that are not law firms and that promise or guarantee that a financial recovery is possible. In many cases, especially when the broker or advisor was not registered or has file bankruptcy or is in jail, a recover may not be likely.
If you have lost money through investment fraud or misconduct, it is wise to contact a law firm that has substantial experienced with FINRA arbitration – the venue where many investment disputes must be adjudicated. Individual investors who are victims of fraud or investment misconduct need to understand that the broker or brokerage firm against whom they have a claim will most definitely hire an experienced securities defense attorney so you should have an investment fraud attorney on your side to level the playing field. These cases are hard fought and the securities laws are complicated so be sure you hire an investment fraud lawyer that has the experience, resources to properly handle your case.
For more information on the benefits of retaining an attorney, as opposed to another third party business, handle your investment fraud case, visit Meyer Wilson’s helpful resources:
If you believe that you or someone you know has been defrauded, we invite you to contact Meyer Wilson for free. We are an investment fraud law firm staffed with attorneys experienced in investment fraud cases.
We also encourage you to watch our helpful video to learn more about non-lawyers vs. lawyers in arbitration hearings.