We represent investors seeking to recover investment losses from the securities industry, including brokerage firms, financial advisors, investment advisory firms and investment advisors, throughout the United States in FINRA securities arbitration, AAA arbitrations, JAMS arbitrations and both state and federal courts.
We also represent investors seeking to recover losses from the insurance industry, including insurance agents, insurance agencies and insurance companies.
RLG has the experience, reputation, and resources to obtain justice for our clients against the securities and insurance industries.
We also represent the securities and insurance industries, including brokerage firms, financial advisors, investment advisory firms, investment advisors, insurance agents, and insurance agencies, throughout the United States in FINRA arbitrations, AAA arbitrations, JAMS arbitrations, and both state and federal courts. RLG has the experience, reputation, and resources to successfully defend the securities and insurance industries.
Recover Investment Losses Through Securities Arbitration in SoCal
Our aggressive securities and corporate law attorneys represent clients in securities and insurance arbitrations and court actions arising from misconduct or sales practice violations, such as:
- Breach of fiduciary duty – The securities industry owes a fiduciary duty to act in the client’s best interests under federal law and many state laws. A breach may occur when the securities industry puts its interests ahead of the client such as selling higher fee products, neglecting a managed account and undisclosed conflicts of interest
- Financial Elder Abuse and Undue Influence – Any investor reaching a certain age (typically 65 years or older) and is the victim of a variety of financial abuses including breach of fiduciary duty or aiding and abetting a breach of fiduciary duty, may be entitled to recover enhanced compensatory damages plus attorneys’ fees, depending on the state statute at issue. California, for example, provides for 3x the compensatory damages plus attorneys’ fees if financial elder abuse is proven
- Professional Negligence and Negligent Misrepresentation – An investment professional or company can be found negligent for failing to disclose a material fact to the investor that a reasonable investor would want to know, for failing to handle an investor’s account in a reasonably prudent manner or for failing to comply with industry rules or regulations
- Unsuitable investment advice – FINRA applies the suitability standard as the basis for making investment recommendations. The factors to consider include the client’s investment objectives, age, risk tolerance and time horizon. If an investor is a senior citizen or a vulnerable adult, enhanced suitability factors must be considered under Notice to Members 07-43. An industry professional who makes unsuitable recommendations can be held liable for the investor’s losses
- Excessive trading or churning – Excessive trading or churning occurs when an industry professional makes frequent trades in a client’s account solely for the purpose of generating fees. If the trades are securities, it is called “churning” and if the frequency involves annuities, it is called “twisting”
- Unauthorized trading – Generally, industry professionals cannot enter a trade without the customer’s consent, unless the customer has authorized the trade or given discretion to the industry professional
- Misrepresentation – An investment professional who misrepresents or omits a material fact about a securities or investment will likely face an investor claim
- Over-concentration – An investment professional who fails to reasonably diversify the client’s portfolio in a single investment, industry or class of investment will likely face an investor claim
- Failure to supervise – The investment industry has a duty to supervise their professionals to ensure their activities adhere to securities laws and industry rules
- Excessive margin – Excessive margin occurs when the industry professionals recommend margin without a reasonable purpose or without informed consent of the client
Contact Our Experienced SoCal Securities Arbitration Attorneys Today!
Reif Law Group has worked on various securities arbitration cases and can help recover losses when needed. Contact our office for a free consultation and get the legal guidance you need today!