Enron. Worldcom. Qwest. Adelphia. Corporate
fraud and scandals have cost investors billions of dollars ? just in the
past few years. Munley, Munley & Cartwright?s securities fraud practice
group is dedicated to protecting the rights of investors against such
corporate deceit and other unfair, deceptive or fraudulent business
practices.
Our firm represents individual clients, institutional investors and class
representatives in a variety of cases, including securities, consumer fraud,
defective products, employment, unfair trade practices, whistleblower, civil
racketeering and class action. If you believe that you may have been a
victim of securities fraud, you have certain rights which you should be
aware of, rights which may provide you an opportunity to recover your losses
from your stockbroker or brokerage firm.
Federal and Pennsylvania state laws provide individual and institutional
investors with remedies for securities fraud by companies issuing
securities, their officers and directors, underwriters, and accounting and
other professionals who may be involved in the fraud. Common claims include
"fraud on the market," where a company artificially inflates or maintains
the market price of its stock by misrepresenting or failing to disclose the
company's true financial performance. Other forms of securities fraud
include:
Churning
Misrepresentation
Excessive trading
Unsuitability
Unauthorized transactions
Surprise margin calls
Breach of fiduciary duty
If funds are properly invested, large stock market losses should be only
rare occurrences. Unfortunately, that is not the case and is often the
direct result of financial advisor or broker's negligence, dishonesty or
even fraud.
Nearly all brokers and brokerage firms are regulated by the NASD ? an
organization, formerly known as the National Association of Securities
Dealers, which represents people and companies in the securities industry in
the U.S. It is also the primary organization responsible for regulation of
the securities industry, with oversight from the Securities and Exchange
Commission. Most allegations of fraud may be prosecuted under the provisions
of the Securities Exchange Act of 1934.
Often, investors who have been defrauded are unaware of it, until it is too
late. However, the securities fraud team at Munley, Munley & Cartwright
knows that the law provides a mechanism for investors to recover losses
caused by a stockbroker's misrepresentations or abuse of the account.
Investors may also be entitled to compensation for the loss of income that
their investments should have been generating, interest on the losses and
legal fees.
Our attorneys will first attempt an efficient and economical resolution of
stockbroker/customer disputes through arbitration. Stockbrokers and
brokerage firms are subject to binding arbitration of complaints regarding
customer accounts. This provides the opportunity for defrauded customers to
present their claims before an impartial panel of arbitrators whose decision
will be binding on all the parties.
We believe that most investment advisors and stockbrokers are honest, decent
individuals who follow the rules of the securities industry and provide a
valuable service to the public. Unfortunately there are some unethical and
dishonest investment advisors, and there are some brokerage firms that do
not supervise their brokers and accounts as carefully as they are required.
Some of those types of cases include the following:
Please read more information across the nation in our News Articles on
Securities Fraud in each section listed above.
At Munley, Munley &
Cartwright, our goal is to provide exceptional legal services to our
clients. We strive to achieve the highest standard of excellence for the
protection of individual rights through team work and the use of our
considerable resources and experience. For a free consultation regarding your legal concerns,
please submit the below, or call us at:
1-800-346-740
At Munley,
Munley & Cartwright, our goal is to provide exceptional legal services to our
clients. We strive to achieve the highest standard of excellence for the
protection of individual rights through team work and the use of our
considerable resources and experience. For a free consultation regarding
your legal concerns, please submit the below, or call us at:
1-800-318-LAW1
DISCLAIMER:
Attorney Advertising. Prior Results Do Not Guarantee a Similar Outcome.
Representation in jurisdictions where our attorneys are not already licensed is
performed in conjunction with local
counsel / lawyers - at no additional legal fees to our clients - and with
permission of the court.
