The facts in each securities related claim are different. They involve different individuals, different circumstances, different lawyers, and different Panels, Judges, or Arbitrators. While there is no assurance that any client will obtain a recovery, or obtain a favorable award at the time of hearing, the following are representative claims where we have made successful recoveries on behalf of our clients:
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Disabled victim of medical malpractice action, investing proceeds with broker, where broker traded account excessively in speculative securities and options without client's authorization, in margin resulting in the loss of the entire account.
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Proceeds of divorce settlement improvidently invested in speculative securities, without diversifying account, in complete disregard of client's financial condition.
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Fraudulent sale of high yield junk bonds to unsophisticated widow.
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Fraudulent sale of worthless and illiquid direct participation programs to disabled physician resulting in the loss of substantially his entire life savings.
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Older executive fully vested in company stock options. Options exercised, and proceeds invested in technology and Internet related securities in complete disregard of customer's stated investment objectives.
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Client advised to take early retirement by broker, investing client's life savings in speculative securities on margin, result in substantial loss of entire account.
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Unauthorized trading of customer account belonging to a 82 widow on margin, in technology and other securities.
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The fraudulent sale of unsuitable and proprietary Class B mutual fund shares by a broker, to avoid breakpoints or quantity discounts associated with the purchase of Class A shares, so as to maximize the broker's commissions.
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Illegal sale of unregistered promissory notes by a licensed stockbroker, outside of the approval of his firm, to senior citizens, and other retirees.
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The fraudulent sale of long term Certificates of Deposit to a younger couple under the guise that these instruments, subject to interest rate risk, were traditional bank CDs.
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The over-investment and unsuitable extension of margin, against a customer's securities account where the customer needed access to the account to pay living an other expenses.
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The fraudulent sale of tax free annuities to widow in otherwise tax deferred retirement account, in an effort to garner excessive fees.
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The fraudulent sale of otherwise worthless "house" stocks by over-the-counter, boiler-room type brokerage firm to senior citizens and retirees.