Stories of unethical investment firms or negligent broker/dealers are becoming commonplace in today’s news. Some of these cases involve breach of fiduciary duty. Others entail outright fraud such as Ponzi schemes or failed private-placement deals.
The end result, however, is the same: Unsuspecting individuals and institutional investors are duped out of money.
Many of these victims are able to recover their investment losses by filing an individual arbitration claim with the Financial Industry Regulatory Authority (FINRA) against the broker or financial representative responsible for the illegal action and/or the brokerage firm where that individual was employed at the time the alleged violations occurred.
Maddox Hargett & Caruso P.C. is devoting this section of its Web site, called B-D Spotlight, to provide information on broker/dealers that are currently facing enforcement actions, proceedings or scrutiny by regulators for issues involving investment fraud, stockbroker misconduct or professional negligence.