Investors understand that almost nothing is without risk. What they may be unprepared for, however, is that your financial advisors may be removing some of your finances from you without you being aware of it. When you have been scammed or taken advantage of by your financial advisor, you will need an attorney to help you recover your losses. You will find that is easier said than done, but not impossible. 

Determining Fraud At Its Core

You will need to establish what type of fraud they have committed. Once you have accomplished that, you will see that it is far easier to regain your lost finances. Examples of the scams they could have committed include bond and misconduct, a fiduciary duty breach, a failure to supervise properly, merging trading, investment fraud, and excessive trading. Unfortunately, this list is just the beginning. You will find at least fifty other ways that your financial advisors could be taking advantage of you. Thankfully, you don’t have to accept that abuse, and the process of having an attorney help you isn’t as challenging to navigate as you might think. 

Hiring A Securities Attorney Will Enforce Action 

Hiring a securities attorney will help you with the actions that begin the process for financial restitution. You will find that your securities attorney will look closely at the SEC and FINRA. Both of these areas are authorized to take action that will include restitution for the investors that have been harmed. You will find that the SEC maintains a complete list with the correct information that damaged investors can use, and it is just one tool in an attorney’s arsenal.

The FINRA is similar in the fact that you will have enforcement actions. However, it is different because you will find that you receive your funds differently and take administrative action differently. 

The Review Process

When you have suffered at the hands of your financial advisors and have lost investments, you will see that the securities attorney will immediately begin a review and a comprehensive investigation into your finances and the legalities. The sooner you hire them to do this, the sooner you get your money back. Your attorney will look at numerous areas that include the following options.

• Your relationship with your brokerage firm
• The relationship that you have established with your advisor
• The entirety of the losses you have sustained because of negligence or fraud
• Any promises that were made to family members
• Any deposits made to you
• Any unlawful actions
• Any promises that were made

When they look at these carefully, they will have a solid starting point for determining precisely what happened and how best to proceed. You don’t want to waste time that you don’t have with an ineffective claim. One great benefit to doing this is the consultation with the securities attorney will be free. That lets you get comfortable with them and how they work. 

Avoiding A Court

Most people won’t realize this, but you don’t have to go to court to sue your financial advisor. It rarely goes to court in the traditional sense when you sue them. Instead, you settle the problem in arbitration. It becomes an easy issue to deal with as it will be easy to prove that your advisors will see that they should have had your best interest in mind and tell if they have omitted facts from you. 

When you find that you are in this situation, your securities attorney will file a claim and start the process of getting you compensated. It’s a complex process, and you will find that it would be almost impossible to do on your own. You won’t have the legal prowess to understand the mechanics. Your attorney, however, will navigate the arbitration process easily so that you have the best chance of winning. 

During the arbitration, your attorney will use tools like FINRA that we have mentioned above, but depending on the size of your claim, they will need a possible panel of three arbitrators instead of one. As with a trial, you will see that both parties have the opportunity to present facts, witnesses, evidence, and more. However, unlike a trial, this process is straightforward, quicker, and far cheaper. Your securities fraud lawyer will also be filing the formal complaints and moving through the paperwork for you, so there will be no mistakes and no slip-ups. You need to get this right the first time, and an attorney is a way to make this happen. You will also notice that with claims like these, you will see that you have to meet minimum competency requirements and standards before they can file the suit, which is another reason that you can’t do this on your own.

The Time Frame 

With a qualified securities attorney, you will see that the average time of waiting is far less. In various cases, you will find that it takes less than a month to get through the arbitration process. Other areas like this can take longer, but this process can go far more quickly due to expertise. After this process is over, you will find that the awards are binding. You also will not be able to overturn the decision. It is nearly impossible to do this, and people’s success rate is under three percent.

A Successful Securities Attorney Won’t Waste Time

When you want to earn your losses back, you shouldn’t waste time, which your securities attorney will take seriously. With the proper knowledge and skill, you will find that you can get your money back within a short period instead of making you wait for months on end with no results.

You also save money with this process, making it far easier for you as the client. You will find that this is the best choice and the only choice to ensure that your money comes back to you the way it is supposed to. In such a complicated process, you need to make the best decision possible to ensure that you are safe from advisors who are not trustworthy.