Last Updated on: 28th July 2023, 07:31 pm

Whether it’s a small individual investor or a high net-worth investor, there are a number of risks they face when deciding how and where to invest their money. In these situations, it’s imperative the broker they work with be someone whose trust and honesty are impeccable. Yet time after time, investors find themselves the victims of securities fraud. In these cases, not only are large amounts of money lost, but the lives of countless investors are forever changed. One example of securities fraud, is when a large pool of money is raised – for example a hard money loan fund, and the funds are stolen. For some investors their retirement accounts are wiped out, while in other situations parents may realize they will not be able to send their children to college. No matter the circumstances, those whose money and dreams have disappeared deserve proper legal representation. If you have been the victim of an unscrupulous broker or corporation that withheld information or provided inaccurate information about investments, you need the services of a knowledgeable and experienced securities fraud lawyer.
Effects of Securities Fraud
When securities fraud occurs, there are a number of things that can happen. For example, if a corporation provides misleading information about inflated earnings, it has committed stock fraud. However, once the truth is revealed to the public, it can cause the financial markets to react negatively. When this happens, stock prices tend to fall, leading to numerous investors losing much if not all of their money. Because these actions violate state and federal securities laws, investors are entitled to pursue legal action against those who misled them on their investments.
Who Can Be Sued?
In many instances, clients may become part of a class-action lawsuit against a company or its officers and directors. However, some investors choose to simply sue a broker or financial manager who committed securities fraud against them. For example, if a broker pressured you into making a certain investment or over-promised results from an investment, it is generally a sign the broker may be involved in illegal activities concerning your money. Regardless of the circumstances, investors who have been lied to about their financial plans should seek the advice of an experienced securities fraud lawyer. While sometimes investors may feel embarrassed and hesitate to come forward, doing so can help them recoup some of their losses and gain the financial compensation they deserve.
Securities Fraud Penalties
Whether it’s an individual broker cheating one investor or a large corporation whose lies impact thousands of people, the good news is that those who commit securities fraud face stiff penalties if convicted. While the federal government handles many of these cases through the Securities and Exchange Commission, states also have the authority to enforce laws through their securities commissions. In most cases, the majority of cases are prosecuted as federal crimes. Penalties often include a combination of civil and criminal aspects such as fines, prison sentences, and license restriction. For example, those convicted of insider trading can face fines up to $5 million and prison sentences of five years for each offense. In lesser cases where a defendant has no prior criminal history, probation of five or more years may be given, which will require those convicted to meet regularly with a probation officer, submit to drug testing, and pay restitution.
Churning
While this may sound as if it pertains to making butter, it unfortunately refers to a broker who is committing investor fraud. In these instances, the broker convinces their client to make more trades than are needed, generating more fees and commissions for the broker. By failing to adhere to do what is in the best interests of their client, the broker is putting their client’s money at risk simply for their own benefit.
Speaking With an NYC Securities Fraud Lawyers
If you have found yourself to be the victim of securities fraud, speaking with an attorney who is skilled in these matters is critical to getting the results you deserve. Known for being very aggressive in their pursuit of justice, securities fraud lawyers will fight for your rights every step of the way. By doing so, you will have an opportunity to make those who lied to you be held accountable for their actions, while receiving the financial compensation needed to keep your financial dreams alive and well for the future.

EXCELLENT

658 reviews on

Ayamalach

2023-08-10

I presented this guy is super easy winnable case concerning my wife they wouldn't even take it, they asked me for $15,000 I had 5k and positively no way of getting the rest a man can't do much but at least try for his wife😢

William Valentine

2023-08-09

Extremely happy with the work they put forth for me and my family. Will definitely use & recommend them if ever needed! Alex Zhik and his team are the best!

Alain Palinsky

2023-08-03

Known this gentleman for many years. He is sharp and to the point. You want him on your side.

Mikey OTM

2023-08-03

Honest opinion. Never met Spodek once. Representation and communication was weak and the rate for service were high. After 32 hrs of community service $5000 and a stain on my record, It Paid off in the end. But DEFINITIVELY WOULD NOT RECOMMEND OR HIRE again Mind you my charges were 2 misdemeanors and I had a clean record. Funny part is. I was actually the victim in it all. But there I was pleading like I was the criminal. 2 stars for keeping me out of trouble. Although I’m happy with that. Very unhappy with the service provided !

Susan masoud

2023-08-03

Without saying too much, this was my first interaction with law enforcement and court dealings. I was scared beyond words. I didn't really know what I was up against, but having Todd Spodek as my attorney made the entire difference. Todd is an honest and hard working lawyer. He takes his cases very serious and he works hard to get the best outcome. He is a lawyer that truly has your best interest at heart and he will go the extra mile! Todd Spodek and his team exceeded my expectations in every way possible. His professionalism and communication skills were top notch and he made sure I was well informed and involved in every step of the legal process. Todd achieved a GREAT outcome in a timely and efficient manner. I highly recommend Spodek Law Group!

TC

2023-08-01

Alex Zhik did a fantastic job. He got what could have been a much worse result down to the bare minimum. These are the guys you should hire when others tell you it can’t be done.

Ashley Moguel

2023-07-28

Spodek Law Group are wonderful! Think these post are fake? There's no way they can be that good and that affordable? I thought so too but the minute I met with Alex, I was convinced. Truly a top class law firm but better because there's no hidden fees. My first meeting I left feeling informed and taken care of. Due to the nature of my job Alex put a rush on the case and everything was dismissed and sealed within a month. I truly cannot thank this law firm enough for the stress-free process. Communication is streamlined and efficient, cost is affordable, the team is knowledgeable. You want it done right, see Spodek! You never think you would ever be in a situation to need a lawyer, but I did and Alex did what I read in these same reviews. They have set a high bar for law firms in nyc.

Monica Nairn

2023-07-28

I was arrested on April 24. And my niece went on Google and search for the best lawyer, in Manhattan, first group that she came up, was Spodek law firm she read all the review and then called him Alex jump on the case right away started to look up what I was charged with I sat down with him two days later he told me what to expect and what the case is going to be like and exactly what he told me that is what happened today I’m a free woman and I have no regrets. he’s a great lawyer best recommended ⭐️⭐️⭐️⭐️⭐️

Jordan Harlow

2023-07-27

My go-to law firm for anything criminal and family related. We are an employment law firm and our clients often have very sensitive matters. Spodek Law Group always treats our clients with professionalism, compassion and respect, and for this reason we highly recommend them.

An In-Depth Look at Securities Fraud and the Importance of Skilled Attorneys

The term “securities” encompasses a wide array of financial assets, including stocks and bonds, which investors frequently purchase as part of their savings or retirement plans. The proper management of these securities is crucial to ensure compliance with all relevant laws and regulations. In this article, we’ll delve into the world of securities fraud and the critical role that dedicated Securities Fraud Lawyers play in protecting investors’ rights and interests.

Understanding the Different Forms of Securities Fraud

Securities fraud, also known as stock or investment fraud, occurs when companies, individuals, or financial professionals deliberately deceive or manipulate their clients or investors. Common ways fraud can be executed include providing inaccurate information about a security, withholding pertinent information, insider trading, and theft of investment funds.

One infamous example of securities fraud is a Ponzi scheme, in which new investors’ funds are used to pay off earlier investors. Bernie Madoff’s massive Ponzi scheme led to devastating losses for those who invested in his company and ultimately landed him in prison.

The Consequences of Securities Fraud

Securities fraud can wreak havoc on people’s lives, wiping out retirement accounts, derailing college plans, and destroying dreams. It can also have a profound impact on the financial markets, as news of corporate fraud may lead to plummeting stock prices and widespread financial loss.

Since securities fraud is a violation of state and federal laws, those affected can seek legal action against the offenders. However, it is essential to have knowledgeable and experienced legal representation to maximize the chances of a successful outcome.

Getting the Legal Help You Deserve: Qualities of Stellar Securities Fraud Lawyers

A top-notch securities fraud lawyer will possess certain crucial qualities and skills, such as tenacity, in-depth knowledge of the law, and a passion for seeking justice. These attorneys will not hesitate to hold unscrupulous brokers and corporations accountable for their actions and advocate fiercely for their clients’ interests.

Victims of securities fraud often have multiple options for legal recourse, such as joining class-action lawsuits against companies, their officers, and directors. Alternatively, individual investors may choose to sue brokers or financial managers who engaged in fraudulent activities directly. In either case, having a highly skilled securities fraud lawyer in your corner is invaluable.

Securities Fraud Penalties and the Importance of Legal Representation

The penalties for committing securities fraud can be severe, with fines reaching up to $5 million, lengthy prison sentences, and restrictions on professional licenses. Securities fraud cases are typically prosecuted as federal crimes, handled by both the Securities and Exchange Commission (SEC) and state securities commissions.

With such high stakes, victims of securities fraud cannot afford to take chances with their legal representation. A seasoned securities fraud lawyer will be well-versed in both civil and criminal law, strategically pursuing the best possible outcome for their clients.

Navigating the Complex Landscape of Securities Fraud Litigation

Individuals who have become victims of securities fraud need a dependable legal advocate to help them navigate the complex litigation process. A gifted securities fraud lawyer will go above and beyond to secure financial compensation for clients, allowing them to recover from the devastating effects of fraudulent activity.

In conclusion, falling victim to securities fraud can be an emotionally and financially devastating experience. Choosing the right securities fraud lawyer is paramount in securing justice and pursuing the compensation you deserve. With skill, determination, and a deep understanding of the law, these exceptional attorneys will fight tirelessly on your behalf, helping to restore your financial future and safeguard your investments.