Securities Litigation

Practice Group Overview

In today’s market environment it is more important than ever to vigilantly protect what you have worked a lifetime to save and invest. The competition among financial professionals is cutthroat and in some instances the rules are broken. Occasionally, brokers engage in “churning” or recommend unsuitable investments for personal gain. Instances of churning occur when a broker, exercising control over the volume and frequency of trading, abuses his customer’s confidence for personal gain by initiating transactions that are excessive in view of the character of the account. Churning is often characterized by disproportionate turn over, frequent in and out trading, and large brokerage commissions. Additionally, unscrupulous brokers may place private investors in unsuitable investments, again for personal gain. An unsuitable recommendation is one which, in light of the customer’s disclosed objectives and background, the broker knows or reasonably believes to be inappropriate. Our firm has chosen to exclusively represent individuals who have been wronged in transactions with financial professionals. We have experience in prosecuting securities related claims on behalf of plaintiffs seeking monetary damages in NASD/NYSE arbitration and other forums. Our experience includes aggressively prosecuting claims of fraud, unsuitability, unauthorized trading, churning, sales practice violations and control person liability. Our combination of litigation experience and skill position us to be uniquely qualified to protect what has taken you a lifetime to build.

Practice Group Attorneys Gerard Cipriani Anthony Hinkle