Texas Lost Wealth Lawyer and Texas Lost Investment Lawyer Represents Families Who Have Lost Significant Wealth from Broker Negligence, Malfeasance, and Fraud by Texas Lost Investment Lawyer and Texas Lost Wealth Lawyer Jason S. Coomer
Many investors and families lose a vast amount of wealth through investment fraud and broker negligence. In these situations, a family hires brokers or financial advisers in a bank, wealth management department, or investment firm. The financial professionals initially treat the investors well, but over time the brokers and advisers begin to use the wealth for their own benefit. Sometimes the financial professionals make bad investments which actually benefit the bank over the investor. In other situations, the wealth managers beleive that the investors are not paying attention and try to steal from the investor. Texas Lost Wealth Lawyer and Texas Lost Investment Lawyer helps families and investors who have lost significant wealth through the negligence, malfeasance, or fraud of a broker, investment firm, or financial advisor.
If you have lost your life savings or your family has lost a significant amount of wealth through investment fraud, broker malfeasance, or broker negligence, please feel free to submit an inquiry or send an e-mail to Texas Lost Investment Lawyer and Texas Investment Loss Lawyer Jason Coomer. He may be able to help you recover your losses or at least obtain an accounting of the investments.
Texas Lost Wealth Lawyer Helps Families Recover Lost Savings, Lost Retirement Accounts, and Lost Investment Accounts
The financial industry has expanded significantly over the last two decades. With this expansion have come huge financial institutes that all want to take care of your wealth for you. Unfortunately, most of the financial institutes are all about making money for themselves and commonly take advantage of families and investors. As such, many financial professionals will commonly use investor money to help themselves and at times will out and out take investor money. When these actions cause the loss of significant wealth, families often need a lawyer to recover what was taken.
Texas Business Investor Fraud Lawyer and Texas Consumer Investor Fraud Lawyer Handles Texas, National, and International National Investment Fraud Lawsuits
Texas Investment Fraud Lawyer Jason Coomer handles Texas Investment Fraud Lawsuits and works with other lawyers across the United States on large investment fraud lawsuits, class actions, shareholder actions, broker fraud law suits, elder fraud law suits, business torts, and mass torts. He commonly works for investors on several types of investment fraud cases.
In investigating business investor fraud claims and consumer investor fraud claims, it is important to obtain as much documentation of the investment, misrepresentations, investment losses, and fraudulent actions as possible. Often times it is a good idea to obtain a complete copy of your file prior to threatening or beginning litigation against an investor or broker. It is also always important to keep copies of all contracts, statements, correspondence, and other investment documentation regardless as to if you expect litigation. Typically, these investment fraud law suits and arbitrations turn on the e-mail messages, on-line transactions, bank statements, sign up information, marketing information, and other documents that the investor has or is able to obtain.
Investment Annuity Cases and Investment Accounting Misappropriation Claims
Texas Investment Fraud Lawyer Jason Coomer is currently working with other Investment Fraud Lawyers on investigating fraudulent annuity and accounting claims against John Hancock Life Insurance Company regarding clients who purchased deferred fixed annuities. These annuities are considered "flexible" by the fact they allow additional deposits to be made by the client after the initial purchase and initial deposit. Specifically, our investigation involves any John Hancock client who purchased such an annuity and (1) made at least one additional deposit after the initial purchase (or more) and (2) also withdrew interest from the annuity (not principle) at any point after the initial purchase of the product. These clients may very well have a claim against John Hancock for improperly accounting for the interest payments and breaching the contract through the use of improper actuarial methods.
Fraudulent and Negligent Stock Broker Investment Law Suits
Recent decisions by the Securities and Exchange Commission (SEC) have imposed over $1.4 billion in penalties on several top investment banks, brokerage firms, and brokers. As such, it is apparent that you cannot always trust brokers to give you the complete picture regarding stocks, bonds, and other securities. If you feel that your investment dealer or adviser has not been honest and has caused you to suffer significant investment losses, your best bet to recover your losses from investment fraud or securities fraud losses is to speak to an experienced broker fraud lawyer regarding your stock fraud concerns.
In reviewing stock broker fraud, an investor should know that investing in the stock market can be a risky proposition. Markets and investments can fluctuate and the majority of investment losses result from such fluctuations rather than from stock broker fraud or misconduct. However, stock fraud does happen, and you should understand common forms of stock broker misconduct. Some of the most common forms of broker fraud are as follows:
- Excessive Trading
- Unsuitable Investments
- Purchase of Unsuitable Securities
- Investing in Variable Annuities/Variable Universal Life Policies
- Risky or negligent Retirement Planning
- Unauthorized Trading
- Failure to Advise of Risky Investments
- Unauthorized Risk Profile Changes
Stock Brokers Hold a Monopoly on Stock Investments
Investment is the driving force of a business economy and allows a pooling of money and resources which businesses can use to invest in large capital ventures. Early stock markets through investment in the United States helped build the railroads and develop the United States. Since early development of the stock markets, periods of wide spread fraud, investor panics, and government regulation have led to many reforms that now protect investors from fraudulent practices. However, with new technology, market fluctuations, and some dishonest or desperate brokers, have come new and different types of investment fraud.
A stock broker sells or buys stock on behalf of a customer. The stock broker works as an agent matching up stock buyers and sellers. A transaction on a stock exchange must be made between two members of the exchange — a non stock broker may not walk into the New York Stock Exchange and ask to trade stock. Such an exchange must be done through a broker.
A broker does not need a college degree, but most brokers have one. Brokers, however, do have to be licensed. A license is obtained by passing the General Securities Registered Representative Examination and, in many cases, posting a bond. Individuals may take this test after they have been employed by a brokerage firm for four months. Texas requires dealers and investment advisers to take the Uniform Securities Agents State Law Examination and pass with a passing score of at least 70%.
Stock brokers are paid commissions for the transactions they generate, which can encourage some stock brokers to trade excessively or churn stocks for the purpose of generating commissions instead of working for their client's investment goals. Churning is essentially a form of excessive trading for the purpose of generating commissions for the broker's benefit.
In addition to actually trading stocks for their clients, stock brokers may also offer advice to their clients on which stocks, mutual funds, etc. to buy. This can be problematic if the broker encourages an investor to purchase unsuitable investments or misrepresents the risk or potential pay out of an investment. It also can be problematic when a broker encourages the purchase of unsuitable securities including variable annuities, variable universal life policies, or viaticals. This is especially true if the broker is encouraging investment with funds that will be need for retirement.
Brokers are required to gain authority or permission from their clients before they conduct any transaction on the client's behalf. When brokers act without their client's consent, this is considered unauthorized trading. If your broker is buying or selling stocks on your behalf without your permission, or you believe that any of the other above abuses have been committed, feel free to contact Texas broker fraud lawyer, Jason Coomer for an investigation of a broker fraud claim.
If your retirement savings or other securities investments have suffered substantial losses, generally fifty percent (50%) or more, due to mismanagement, mishandling or misconduct on the part of your broker or financial professional, then you may want to speak to Jason Coomer a Texas investment fraud lawyer to determine if your broker has committed fraud or negligence that has contributed to your losses.
Unfortunately, with the pooling of large amounts of money in pension funds, retirement funds, stocks, mutual funds, bonds, derivatives, commercial real estate, and other investments comes the danger of fraudulent investment scams and broker negligence that can take a person's life savings. If you have lost your life savings or a large some of money through misappropriation of funds, please feel free to submit an inquiry or send an e-mail to Texas broker fraud lawyer Jason Coomer. He may be able to help you recover your losses or at least obtain an accounting of the investments.
SEC Whistleblower Bounty Actions Are Designed to Encourage Persons With Knowledge of Investment Fraud and Significant SEC Violations To Confidentially Expose the Fraud By Offering Large Financial Rewards For People That Are The Original Source of Information That Expose The Fraud
SEC Fraud Whistleblower Lawsuits or SEC Bounty Actions are a product of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These laws were designed to create bounties that can be collected by whistleblowers that properly report SEC violations, financial fraud, securities fraud, commodities fraud, and stimulus fraud that result in monetary sanctions over one million dollars ($1,000,000.00). The SEC can award the whistleblower up to 30% of the money collected.
Persons that report this fraud through an attorney can remain anonymous and still collect a large reward through their attorney. By creating anonymous whistleblower bounties, the SEC expects investors and people with specific information of fraud to expose hard to detect fraud and to help regulate the financial market and prevent large investment corporations, banks, hedge funds, and other large corporations from committing financial fraud of billions of dollars. For more information, please feel free to contact Bounty Action Lawyer Jason S. Coomer or go to the following web page, SEC Bounty Action Lawsuits.
Texas Lost Investment Lawyer, Texas Stolen Investment Lawsuits, and Texas Investment Loss Lawyer
Austin broker fraud Attorney, Jason Coomer helps investors that have lost money through wrongful acts of majority shareholders, corporate officers, and brokers. He reviews investment strategies, accounting records, corporate actions, and investor trading; negotiates settlements; and if necessary files claims against negligent or fraudulent brokers. Austin Texas Business Lawyer, Jason Coomer is an experienced business litigation attorney that handles investment fraud, shareholder actions, commercial real estate law, computer law, ponzi scheme claims, and other business litigation. His office frequently works with other professionals including Houston Investment Fraud Lawyers, Dallas Broker Fraud Lawyers, San Antonio Investment Fraud Lawyers, and other Austin Investment Fraud Lawyers to provide high end professional legal services at reasonable prices.
Texas broker fraud lawyer, Jason S. Coomer, helps business investors protect their assets and negotiate with negligent brokers and brokers that have committed investment fraud. If you need an Austin Texas Broker Fraud attorney or an Austin broker negligence lawyer to advise you on a Texas investment fraud claim, contact Austin Texas investment fraud lawyer Jason Coomer.
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