New York Securities Fraud Lawyer

If your stock broker or a seller or issuer of securities has taken you for a ride you don't want to be on, you may be the victim of securities fraud. Securities fraud typically occurs when people who invest in stocks or other securities are enticed to part with their money based on untrue or deceptive statements or practices.

Some of this country's largest, richest and most prominent corporations have been accused of committing securities fraud. This conduct is alleged to have resulted in tremendous losses to investors and tremendous profits to the firms that committed the fraud.

Many cases alleging securities fraud are brought in federal court while others are taken to arbitration rather than to court.

Some of the more common types of misconduct currently practiced by stock brokers are:

Misrepresentations and Omissions - a stock broker fails to disclose or misrepresents material facts or information regarding securities, including any associated risks.

Unsuitability - a stock broker recommends or solicits transactions or investment strategies that are not suitable for the customer in the context of the customer's risk tolerance and financial objectives.

Churning - when a stock broker who is exercising control over trading activity in an account buys or sells a customer's securities to an excessive degree, contrary to the customer's investment objectives and risk tolerance, resulting in greater commissions for the broker and losses for the customer.

Unauthorized Trades - when a stock broker trades in a customer's account without obtaining prior approval of the trades.

Theft of Investment - a stock broker indicates that your money has been invested when the broker has actually stolen it.

The law firm of Richard Stelnik, Esq. has substantial experience handling employee stock option litigation. The firm has represented parties in leading edge litigation involving stock options issued to employees. Cases handled by the firm involving employee stock options have been featured in several publications, including The National Law Journal, The Securities Law Daily and TheStreet.com.

If you believe that you have been the victim of securities fraud, we may be able to help you. Give us a call at 212-964-6430 or contact us via the Online Contact Form to arrange for a consultation.

Disclaimer: The information contained in this web site is provided for general informational purposes only. The information contained in this web site is not legal advice and under no circumstance should it be construed to be or relied upon as legal advice. You should consult an attorney for legal advice regarding your own situation. Nothing contained in this web site is intended to create an attorney-client relationship. The Law Firm of Richard Stelnik, Esq. does not warrant or represent that the content of web sites that are linked to this web site is accurate. This web site is not intended to solicit clients outside the State of New York.