Gross Shuman Brizdle & Gilfillan, P.C. represents investors who have suffered financial losses due to fraud, misrepresentation or negligence by stockbrokers and investment advisors. Stockbrokers can harm their clients' portfolios in the following ways:
- Misrepresentation regarding the risks and benefits of any particular investment
- Churning which involves excessive and frequent trading of stocks, bonds, mutual funds or other securities to generate commissions
- Switching, which involves moving your money from one investment to another, including fees or surrender charges.
- Placing investments in unsuitable, high risk securities
- Investing excessively in equities, or other similar vehicles, resulting in unsuitable allocation.
- Failing to follow clients' instructions with respect to buy or sell orders
- Securities fraud
- Unauthorized trading
- Conflicts of interest
- Failure to diversify
Most stock market loss cases are subject to arbitration under rules established by the Financial Industry Regulatory Authority (FINRA). Our attorneys have experience representing investors, and as arbitrators, in these types of cases.
The following are signs that you should investigate further: unusually high number of trade confirmations sent to you, high pressure sales tactics, large purchases on margin, under performance relative to the stock market indexes, a guarantee of investment return, concentration of your investments into one security or mutual fund, moving accounts from one mutual fund family to another, and switching between different annuity contracts. If you have investment losses exceeding $150,000, please contact us for a free confidential consultation.
There are time limits on filing cases, so you should promptly consult counsel as soon as you suspect you are the victim of stockbroker or investment advisor malpractice or misconduct.