Securities fraud can result in the loss of your savings, often without any warning. Can victims of securities fraud recover their losses in this situation? While the process may prove challenging, you have options to get your money back.
A securities fraud lawyer in Fort Myers can step in to assist you through this legal process. Our team at Viles & Beckman understands the challenges surrounding securities fraud cases, and we’re here to answer your questions and guide you.
Find out more by calling or filling out our online contact form.
How do You Recover Your Losses from Security Fraud?
Victims of security fraud have a few options to recover their losses. In many cases, your options depend upon what you agreed to in the contract with the financial institution handling your investments.
Many of these contracts require you to give up the right to file a lawsuit in the event of acts of fraud or misconduct. Fortunately, you may have other options to get back your lost funds, including arbitration.
For a free legal consultation, call (239) 334-3933
How do You Recover Your Losses Through Arbitration?
The Financial Industry Regulatory Authority (FINRA) provides a significant amount of oversight in the securities industry. The organization also provides arbitration services that can allow you to seek compensation after an act of securities fraud in Florida.
In this situation, you go before FINRA’s arbitration board to present your case. Your lawyer shares information with the board and pushes to bring you damages to cover all of your losses.
The FINRA arbitration board makes a legally binding decision about the outcome of your securities fraud claim. A securities fraud lawyer can help you learn more about this process and the potential to reclaim your losses.
What Happens During FINRA Arbitration?
The FINRA arbitration process resembles what you’d expect from a civil trial. Your lawyer may present evidence and question witnesses, for example.
However, FINRA streamlined the process, allowing you to recover your losses more quickly. Our team can help you review potential evidence for these claims and discuss any additional options for your case.
Can You File a Securities Fraud Lawsuit?
In some cases, you may have a chance to file a civil securities fraud lawsuit. Your lawyer will file the appropriate paperwork with the court system in this situation. Your attorney can also:
- Gather evidence, including banking records
- Interview witnesses to the acts of fraud
- Work with securities fraud experts
- Track the specific funds you lost through financial misconduct
- Represent you in and out of court
We understand that only some instances of securities fraud allow you to file a lawsuit. Our team can review your situation and provide you with detailed information about the options available in your case.
What Losses Can You Recover After Experiencing Securities Fraud?
Victims of securities fraud have a chance to recover all losses relating to the financial misconduct they experienced. You may get back the funds you lost during the act of fraud, for example.
In addition, some securities fraud claims allow you to receive funds to cover your legal fees. You can learn more about the specific funds available in your situation by contacting us.
How Much Compensation do Victims of Securities Fraud Receive?
The amount of compensation you receive after an act of securities fraud can vary. Generally, the funds you secure will reflect the extent of your losses. Some people lose more money through investment misconduct than others.
We can track all your losses, focusing on ensuring you get fair compensation.
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What Types of Securities Fraud Can You Handle Legally?
You may have a chance to recover your losses after many types of securities fraud in Florida. Our team can assess your situation if you lost money due to acts of investment misconduct involving:
- Unauthorized trading
- Breaches of fiduciary duties
- Omissions or misrepresentations of fact
- Ponzi or pyramid schemes
- Failure to supervise
- Pump and dump schemes
The above list contains only examples of acts of security fraud. If you believe you experienced any kind of financial misconduct causing a loss in money, you can contact us to discuss your options and the best way to resolve your claim.
Talk to a Lawyer About Recovering Your Losses After Securities Fraud
Can victims of securities fraud recover their losses in Florida? In many cases, working with a securities fraud lawyer can give you a chance to get back the funds you lost due to someone else’s financial misconduct and wrongdoing.
Our team at Viles & Beckman can step in to support you, providing information about the best ways to handle your legal needs. We put you first and focus on clear communication while relentlessly working to bring you fair compensation.
Learn more about how we can help by calling or completing our online contact form.