The Law Office of Daniel Bakondi
870 Market Street, Suite 1157
San Francisco CA 94102
Phone (415) 450 0424
Mr. Bakondi recently
settled a representative complex litigation action in the superior
court of california representing the
public interest of the people of the state of California. Mr.
Bakondi received court approval of the settlement, which was finalized
with the cooperation of the office of the Attorney General.
In this private attorney general action brought by Mr. Bakondi, he
successfully litigated and brought a corporation with yearly revenues
exceeding $20 Billion into compliance with California health and safety
codes. Mr. Bakondi and his team received congratulations from the
presiding superior court judge for being able to resolve the
matter. It is noteworthy that Mr. Bakondi's persistence,
including in bringing the matter to the court of appeals, and
willingness to take the lawsuit as far as necessary for justice
facilitated a successful outcome.
ABOUT HIRING A
and Investment Fraud Attorney
TIC 1031 Investment Property Loss Attorney
for TNP Strategic Trust REIT or Notes Program Problem
Bakondi is a poised and
brilliant young man who asked extensive questions to get at the crux of
the situation. I was continuously amazed at the fine/pertinent points
that Mr. Bakondi dug out of the years of files I had provided him. He
quickly filed legal action I would call impressive in its fact-finding,
background research, and arguments. In subsequent attorney
communications and motions, I saw this astounding incisiveness over and
over again. More than once I remarked to him how glad I was that he was
not the other side's attorney! In forecasting the time, phases, and
expenses of the case, Mr. Bakondi was also unerring. While the entire
process took over a year, I never once had the feeling that he was not
in complete control of the situation. In consultations, he always had
all of the options and their consequences ready at hand, along with his
recommendations. Not once did he make an inaccurate forecast or give
bad advice. When the case concluded successfully, he tied up all the
loose ends as meticulously as everything else he had done." M.A.
"Best of the Best: I hired Daniel a year and a half ago to help with an
investment gone wrong. I felt him to be an attorney who is committed to
justice and takes pride in all his endeavors. He has the integrity and
dedication to follow through and make the process as painless as
possible. Daniel guided me to a conclusion in a situation that was very
difficult to do. I feel he is the best of the best of young and up and
coming attorneys in the city." M.F.
"Daniel Bakondi is an attorney who is devoted to his clients. He is
knowledgeable, expedient, and meticulous about details. He is honest
and provides his clients with a realistic evaluation of their
expectations. He doesn't waste your time. Daniel Bakondi is the
attorney who will be in your corner all the way." N.T.
Arbitration Attorney Daniel A. Bakondi, Esq. has obtained millions of
dollars in investment loss recovery claims against brokers,
financial advisors, and financial institutions
Arbitration Attorney Daniel Bakondi, Esq. represents
clients in securities arbitration claims and obtain financial recovery
for investment losses, and other claims against brokers, financial
advisors, and broker-dealers.
large investment performs unexpectedly poorly, or if you have
unexpected losses constituting a significant portion of your retirement
or total net worth, it may not be your fault, nor, the fault of the
market or just the natre of the investment, as some may claim.
experienced investment loss recovery attorney can tell you if your
broker, financial advisor, or financial institution violated securities
laws and industry practices.
Broker, financial advisor, and broker-dealer firm malpractice and violations include:
Securities fraud can
include misrepresentation or failure to disclose material facts about
an investment, institution, or selling process. It may involve
failure to disclose a broker commission, or the relationship between
the broker and the investment in some cases. As an investor
generally cannot know whether there wee material facts undisclosed
after having received many documents in the course of making an
investment, including often a hundred-plus page Private Placement
Memorandum (PPM) with facts, information, and projections about the
investment's expected performance. As FINRA securities
arbitration attorneys, we often have access to information, appraisals,
broker-dealer communications, and other undisclosed materials which
constitute facts that had the investor been aware of, it would have
made a material matter considered by the investor of whether or not to
make the investment.
Securities fraud, stock broker and investment fraud
Failure to follow the rules, guidelines, and laws regarding the sale of investments that exist to protect investors.
Negligence and breach of the duty of care
Not all investments are
suitable for all investors. The same investment may in some cases
be more appropriate for a sophisticated, young, wealthy individual who
understands its nature and risks, and yet not an appropriate
recommendation for an elderly or retired investor who is not
knowledgeable about a particular investment, who may have medical
needs, or have other relevant factors.
Unsuitability or selling unsuitable investments
There is also a reasonable basis suitability test under FINRA
guidelines. Under this separate test, some investments are so
poorly structured, that they are not of sufficient quality and
reliability for any investor.
the recommending of investments that place more than 20% of an
investor's assets into one asset class (or one type of investment).
Overconcentration or over-concentration
arbitration claims often involve a broker dealer or investment
brokerage firm, possibly one the investor has not even heard of.
Yet, these broker dealer firms are responsible for supervising the
broker, and approved the investment for sale.
Failure to supervise, and negligent supervision
dealer firms are required to approve every investment sold through
them, and every transaction sold by the brokers under them. They
have an affirmative duty to research investments, and understand their
quality, the background on the principals, and ensure that the
investment is what it purports to be. Many broker dealers fail to
do this, and take the word of the sponsor, who packages the investment,
as to the financials. This is a gross violation of the brokers'
and brokerage firm's duty to you as their fiduciary client. You
will not know what due diligence and independent research was done,
what documents were obtained, and what aspects of the investment were
assessed and evaluated unless you obtain the right attorneys, file a
proper claim, and demand these documents and records as part of the
arbitration discovery process.
Failure to do due diligence
FINRA securities arbitration claims may also involve:
- Securities fraud
involving stocks, bonds, funds and annuities
- Selling away
- Sale of
- Breach of
About FINRA Arbitration
arbitration is another forum for resolving disputes, like going to
court, often with many advantages over going to court.
is the Financial Industry
Regulatory Authority, formerly NASD (National Association of
Securities Dealers) and is the licensing department of the SEC
(Securities and Exchange Commission). All securities brokers,
broker-dealers (firms that sell securities) must have a license to sell
securities, and are regulated by FINRA.
broker or broker-dealer violates selling practices or the law, they may
have liability under the law, including on some cases to return the
investor's investment capital, or compensate the investor financially
for their loss.
FINRA Arbitration vs court
Is Finra arbitration mandatory?
Finra arbitration is
mandatory for all registered representatives, brokers, and broker
dealer investment institutions, like court.
How long does Finra arbitration take?
arbitration can take as little as one year from filing of a claim to
going to an evidentiary hearing. Court is likely to take longer,
possibly 2-4 years on average to get to trial.
Is Finra arbitration binding?
Finra arbitration is binding, like a court judgment, and there are no
appeals. The Finra arbitration award can be perfected into a
legal judgment requiring compensation to be paid to the investor.
Do brokers and broker dealers have to pay the amount of a Finra award?
under Finra rules, they are required to pay any amount the Finra
arbitration panel determines the investor is entitled to. In
fact, brokers and broker dealers can risk losing their license to sell
securities if they do not comply with a Finra arbitration award.
Do I need an attorney for Finra arbitration?
securities litigation and arbitration world is so complex, that the
investor is often of little threat, even with a strong case, without
the proper and experienced guidance of a Finra arbitration
attorney. Similarly, the reason in criminal law that criminal
defendants are provided an attorney even if they cannot afford one, is
that without proper legal counsel, even an innocent man is likely to be
legal team works in all areas of securities laws and broker disputes,
often know the legal issues, the opposing counsel, the opposing firms
and brokers, their insurance status, likely defenses, and have often
litigated against them before. We are able to maximize your
arbitration attorneys handle the entire process, and you may receive a
financial settlement without ever having to go to trial. FINRA securities arbitration is often
and more effective than litigating in court.
Whether you believe you have a case or not, contact
us now for a free no-obligation confidential consultation. You must act before your rights
If Mr. Bakondi
takes your case on a contingency fee basis, there are no attorney fees
unless there is a recovery to you, and attorneys fees are paid out as a
percentage of the settlement you receive.
Bakondi today for a free consultation, and to discuss details about possible representation of your case.
DISCLAIMER - CLICK HERE
Please note that you are not considered a client until a
formal agreement to take on your matter is entered into and No attorney-client relationship is created
through this website.
You may not rely in any way the attorney and nothing constitutes legal
advice nor legal
opinion uness expressly stated.
Your issue may be time sensitive and may result in loss of rights if
you do not obtain an attorney immediately. Attorney licensed to
practice in California and California jurisdiction matters
only, engages in FINRA securities matters nationwide, and may practice
pro hoc vice or engage
associate counsel for litigation matters nationwide.
Office Of Daniel Bakondi
870 Market Street, Suite 1157
San Francisco CA 94102
(415) 450 - 0424
Fax: (415) 399 - 9608
last updated August 5, 2013