Securities fraud attorney Daniel
Bakondi helps investors obtain recovery for bad investment
advice. Attorney Bakondi pursues recovery for investment fraud
and negligent broker advice resulting in investment losses
through securities lawsuits and FINRA (Financial Industry Regulatory
Authority ) securities arbitration claims against brokers and financial
advisors.
You can get
some or all of your investment back! Do not listen
to the other side when they tell you that you don't have a claim, or
that everyone lost money de to the bad economy. Securities
dealers who sell you bad investments that lose money may not have your
best
interests at heart, and are not going to tell you that they made a
mistake and they may have liability.
Many investors,
especially those investing in risky investments such as tenancy in common TIC
investments can recover some or all of their investment, sometimes
plus interest, if:
- The broker or
financial advisor failed to properly research the investment before
selling it to you. A lawsuit or securities arbitration claim can
be brought against the broker, financial advisor, and his or her firm
for negligence if the duties to the investor are violated. Many
brokers sell investments they claim to be safe without doing any
research into the investment, or the people and companies behind
it. This is particularly true of many private placements.
Such failure to properly do due diligence can result in the investor
recovering part or all of their investment, sometimes even with
interest and or attorneys' fees added on.
- The broker or
financial advisor sells an investment that is improper for you.
Brokers and financial advisors are required to know their client.
Securities dealers are required to make sure before they sell a risky
or speculative investment that the investor can tolerate the
risk. It is not proper for a securities broker or investment
advisor to sell a risky investment to someone who cannot afford to lose
that money. Some financial advisors over-concentrate an
investors' assets in a particular investment, such as a tenancy in
common. Tenant in common buildings are often not safe
investments. Many have problems from the start that almost ensure
that only the broker and sponsor make money, not the investor.
When faced with securities arbitration claims, many of these matters
settle, allowing the investor to get back some, much, or all of what
they invested, and rescind, or "undo" the deal as if they had never
purchased the property. The other side will of course not agree
to this, and you need an attorney if you want to pursue a recovery, or
even enhance your chances of a fair settlement.
- The broker or
financial advisor sells you an investment property or other security
and either makes untrue statements of material fact (lied about the
investment) or omitted (failed to mention) certain facts that a
reasonable investor would consider relevant in making a decision of
whether or not to invest. if this is the case, then under federal
law 10b-5, and state law, such as California's Corporations Code
Section 25401, the broker or financial advisor's actions may constitute
securities fraud. In California, if a securities fraud action is
brought successfully, the investor can recover everything they spent,
plus interest at the legal rate of 10% a year. The interest alone
in an investment recovery award in court or arbitration can add up to
hundreds of thousands of dollars on a million dollar investment, in
addition to the recovered principal. Individual results can vary,
and there are no guarantees in litigation, however, if you have an
investment loss, securities fraud attorney Daniel Bakondi is able to
advise you on the likelihood of recovery of your claim.
- The broker or
financial advisor breached their fiduciary duty to you in selling you
the investment. They are required to put the investor's interests
first. however, many financial advisors sell what brings them the
most commission. For some risky tenancy in common building
investments, some brokers make as much as 7% commission on the sale of
a risky investment.
Mr. Bakondi helps
clients recover investment losses from all types of securities in cases
of broker misconduct. A securities attorney should look at
your case because to the untrained eye, it can often seem like the
broker did nothing wrong and the investment simply lost money because
of market conditions. Sometimes only by having a professional
evaluate your investment and the facts related to the loss and issuance
of securities can you know what a securities broker or brokerage firm,
or other parties involved with the process, did wrong. As part of
the securities fraud attorney services of Daniel Bakondi, Mr. Bakondi
investigates and pursues matters of stock broker fraud and
misrepresentation in both 10b5 and California securities laws,
churning, suitability (selling an investor an unfit investment - ex: a
risky speculative investment to a retired person), over-concentration
of assets into a risky investment, and a host of other negligent and
intentionally wrongful acts by brokers. Mr. Bakondi also looks
for potential class action lawsuits against sponsors who have made
misrepresentations in private placement memorandum or other
offering documents in connection with the sale of bad investments.
If you believe you
were the victim of securities fraud, improper solicitation, or you
believe your investment loss may be due to errors or misconduct by
brokers or securities firms who sold securities or investments to you,
please contact Mr. Bakondi by email for a free
consultation.
Below, Attorney
Daniel Bakondi is interviewed by KTVU Channel 2 News 4.16.2010
regarding a securities fraud lawsuit filed by the Securities Exchange
Commission.
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