Class Action Lawsuit & Commercial Litigation
Business Litigation
Helping those Affected Seek Justice and Financial Compensation.

Securities Fraud

Federal and state securities laws prohibit the use of material misstatements and manipulative acts in connection with the purchase or sale of any security.  Generally, if a person or class of persons rely on an intentional misstatement or omission by a corporate entity in purchasing or selling shares in that entity, and as a direct result suffer economic injury, these persons may have a claim against that corporate entity for that injury.  These types of securities fraud claims are typically brought against the targeted corporation as Rule 10b-5 claims, under which the courts have implied a private right of action for civil suits.   In addition to actionable conduct by corporations, individual investors may also lay claims against certain conduct of their broker-dealers that resulted in injury to the individual investor.  These kinds of claims are often subject to mandatory arbitration clauses requiring the litigants to arbitrate the claims within the forum of the Financial Industry regulatory Authority (FINRA).  FINRA actions, when brought by investors, allege common claims, that the broker “churned” securities in the investor’s account solely to earn commissions, or that the broker purchased securities that are unsuitable for the investor, as examples.