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If you are considering pursuing a securities fraud claim in Charleston, West Virginia, Washington, DC, or another nearby region, contact James F. Humphreys & Associates today to arrange a free consultation.
Charleston Office:
United Center, Suite 800
500 Virginia Street East
Charleston, West Virginia 25301
Telephone: (304) 553-0457
Fax: (304) 347-5055
Toll Free: (866) 804-3235
Washington, DC Office:
1200 New Hampshire Ave
Suite 510
Washington, DC 20036
Telephone: (202) 448-9629
Fax: (202) 223-3595
Toll Free: (866) 804-3235
Securities Fraud in Charleston, West Virginia
Have you or someone you know had years of saving and investing go down the drain due to securities fraud scandals in recent years? Untold numbers of investors have been victimized by the unethical practices of stockbrokers and brokerage houses. If you were cheated out of your money, you may have legal recourse for recovery. Contact the law firm of James F. Humphreys & Associates to discuss your securities fraud case with our Charleston, West Virginia legal team.
Common Types of Securities Fraud
Securities fraud, also known as stock fraud or investment fraud, typically involves a stockbroker or brokerage house deceiving an investor for personal gain. The securities fraud lawyers at our Charleston, West Virginia firm handle cases involving various types of securities fraud. Some of the most common categories are described below.
Conflict of Interest
Rating stocks of current and potential investment banking clients higher than warranted in order to retain or gain business is considered securities fraud. The individual investor fails to receive objective stock analysis and stands to lose money on artificially inflated stocks.
Unsuitability
If an investment advisor fails to take a client’s risk tolerance and investment objectives into account when making recommendations, a suitability securities fraud claim may be in order. Brokers are legally obligated to know their customers and recommend appropriate investments and trading strategies.
Unauthorized Trading
Unless you have given your stockbroker written authorization to make trades in your account, your permission is required to buy or sell securities. Once you are aware of unauthorized trading, you have to take action or it may be considered tacit approval.
Churning
Churning occurs when a stockbroker engages in excessive trading on your account. Churning is a way to generate additional commissions, and it is punishable under state and federal securities fraud laws.
Securities Fraud Representation
If you have been the victim of investment advisors engaging in unethical practices like those listed above, you can fight back. Schedule a consultation with a securities fraud lawyer by contacting our firm in Charleston, West Virginia today! We can investigate and review your claim and advise you of your legal rights.