Altoona’s Trusted Securities Law Attorney
Security is not just a system for your home or business — it is a central idea of your investment portfolio. When investment professionals and broker-dealers commit securities law violations, they are not only risking their careers but also the future of their investors as well. Many securities law violations are committed in plain view by people you know or have relied on in the past to manage your investments. This relationship can cover up the fact that the law is being violated. The good news is that investors do have methods of gaining recovery from professionals who engage in illegal activity when they seek help from a lawyer.
Numerous securities regulation laws guide this practice area including the Securities Act and the Securities and Exchange Commission. Common securities law violations include:
- Fraud of any variety
- Insider trading, market manipulation and similar illegal activities
- Pyramid and Ponzi schemes, by which new investors’ funds are channeled to repay and reward earlier investors
It is illegal to run a business in which new funds come from recruiting new people. A great many pyramid schemes and Ponzi schemes are illegal precisely because this is their sole fundraising model. Managers may claim the investments are tied to the sale of actual services or products, but a forensic investigation may show that in fact, all promised returns on investments depend solely on repeated recruitment of new investors.
The Law Office of Michael B. Cohen is here to help you recognize violations of these types and assist you in gaining financial recovery. Call Mr. Cohen in Blair County today at 814-201-6837 to learn more about your rights if your financial adviser has broken the law.
Understanding Securities Law
Securities law is a combination of federal and Pennsylvania state laws. The purpose of this area of law is to ensure that you, as an investor, are not investing in money based on fraud or misrepresentation of your investment vehicle. Just because your money has ended up in an illegal scheme does not mean you personally have violated the law. Instead, the liability likely rests with the people you counted on to give you financial advice.
You May Have A Right To Financial Compensation
Realizing that you have been victimized by these crimes can be embarrassing, but it is not your fault. You do not have to live with the devastation of lost investments without learning the truth. You may also be able to recover part or all of your ill-fated investments. Discuss your options to get justice for your financial adviser’s illegal investments with attorney Michael B. Cohen in Altoona today.