Often, a stockbroker or financial advisor at a full service brokerage firm will utilize the relationship with one investor to acquire many of the investor's friends, coworkers or family members as additional clients. Common examples include a stockbroker using his relationship with one recent retiree to sign up as clients many other retirees from the same corporation. Often, the stockbroker takes the same cookie cutter, one-size fits all approach to recommending investments to all of the members of the group. Sometimes, the stockbroker makes the identical fraudulent representations to all of the group members either individually or together as a group. Fortunately, many times the sustained investment losses, along with a attorney fees, interest and costs, are recoverable under the investors' state securities statutes. The Stoltmann Law Offices has extensive experience in representing investors in what are known as group arbitration actions. For more information on determining if you have an actionable claim, contact the Stoltmann Law Offices.
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