Get Representation with a Churning Attorney – We Sue Brokers Who Churn or Excessively Trade Your Account For Commissions

Robert Wayne Pearce, a nationally recognized churning attorney and founder of The Law Offices of Robert Wayne Pearce, P.A., specializes in representing investors who have fallen victim to excessive trading practices. With over 40 years of experience in securities law, our firm has established itself as a leader in combating unethical brokerage practices across the United States.

Churning occurs when brokers engage in excessive trading to generate commissions, often at the expense of their clients’ financial well-being. If you suspect your portfolio has been subject to churning, our skilled legal team can help you recover your losses and hold responsible parties accountable.

What is Churning?

What is Churning?

Churning is a practice where brokers engage in excessive trading in a client’s account to generate commissions, often harming the client’s financial health. This practice leads to increased transaction costs and can result in significant financial losses for the investor. Identifying churning is crucial for maintaining the integrity of an investment portfolio, which requires a thorough examination of trading patterns and account statements.

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I. Get Representation with a Churning Attorney – We Sue Brokers Who Churn or Excessively Trade Your Account For Commissions
II. What is Churning?
III. How Can You Identify Churning in Your Investment Portfolio?
III.I. What Legal Services Does The Law Offices of Robert Wayne Pearce, P.A. Offer for Churning Victims?
IV. Why Choose Robert Wayne Pearce for Your Churning Case?
IV.I. What Steps Are Involved in Pursuing a Churning Case?
IV.II. What is the Cost of Legal Services for Churning Cases at Robert Wayne Pearce’s Law Offices?
IV.III. How Can You Schedule a Free Consultation with Robert Wayne Pearce?
V. What is Churning in Finance?
VI. Common Churning in Finance Examples
VI.I. Who Are the Victims of Churning Typically?
VI.II. If you believe you’re a victim of churning, take immediate action:
VII. Contact Us Today

How Can You Identify Churning in Your Investment Portfolio?

Churning can be identified by examining trading patterns and account statements. Indicators of churning include:

  • High Turnover Ratios: The ratio of the total value of trades to the average value of the account.
  • Cost-to-Equity Ratios: The ratio of trading costs to the equity in the account.
  • Frequent and Unnecessary Trades: Numerous trades that do not align with the investor’s objectives or risk tolerance. Identifying these patterns can help you determine if you need legal services for churning victims.

What Legal Services Does The Law Offices of Robert Wayne Pearce, P.A. Offer for Churning Victims?

The Law Offices of Robert Wayne Pearce, P.A. provides specialized legal services for victims of churning, including:

  • Trading Pattern Analysis: Reviewing and interpreting the frequency and nature of trades in the account.
  • Turnover and Cost-to-Equity Ratio Calculations: Assessing the extent of trading activity and its impact on the portfolio.
  • Identification of Unsuitable Investments: Determining if investments made by the broker align with the client’s financial goals and risk tolerance.
  • FINRA Arbitration Navigation: Guiding clients through the Financial Industry Regulatory Authority’s dispute resolution process.
  • Litigation in State and Federal Courts: Representing clients in court to recover losses from unethical brokerage practices. These comprehensive services make Robert Wayne Pearce a top choice for handling your churning case.

Why Choose Robert Wayne Pearce for Your Churning Case?

investment fraud lawyers

Robert Wayne Pearce has over 40 years of experience in securities law and has recovered over $175 million for clients. The firm is recognized as one of the top securities litigation firms in the United States. Their extensive experience and successful track record make them a reliable choice for handling churning cases. This impressive recovery record underscores the firm’s effectiveness in managing churning cases and recovering client losses.

Investment Losses? Let’s talk.

or, give us a ring at 800-732-2889.

What Steps Are Involved in Pursuing a Churning Case?

The steps involved in pursuing a churning case include:

  1. Case Investigation: Collecting and examining relevant documents and information.
  2. Evidence Gathering: Accumulating evidence to support claims of churning.
  3. Legal Strategy Development: Crafting a strategy tailored to the specifics of the case.
  4. Team Collaboration: Involving attorneys, forensic accountants, and support staff to build a strong case.

Legal Proceedings: Engaging in arbitration or litigation to seek recovery. Understanding the cost structure of these legal services is essential before proceeding.

What is the Cost of Legal Services for Churning Cases at Robert Wayne Pearce’s Law Offices?

The Law Offices of Robert Wayne Pearce, P.A. offers services on a contingency fee basis, meaning clients pay nothing unless compensation is recovered. They also provide free initial consultations. This ensures that potential clients can access legal support without upfront costs. To proceed, scheduling a free consultation is the next logical step.

How Can You Schedule a Free Consultation with Robert Wayne Pearce?

To schedule a free consultation, contact Robert Wayne Pearce at 1-800-732-2889 or reach out online. This ensures potential clients know how to access the firm’s services and initiate a case evaluation, beginning the process of potentially recovering losses due to churning.

Churning Attorney
Robert Wayne Pearce & Adam Kara-Lopez, Attorneys at The Law Offices of Robert Wayne Pearce, PA

What is Churning in Finance?

Churning in finance is the practice where brokers excessively trade securities in a client’s account to generate commissions, rather than to benefit the investor.

This behavior violates federal and state securities laws, industry regulations, and the broker’s fiduciary duty to act in the client’s best interests. Churning results in significant financial losses for investors due to high transaction fees and poorly timed trades.

The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) consider churning a serious violation  and a breach of fiduciary duty to investors under common law. Recognizing churning in your investment account is crucial to preventing these losses. Churning is a violation of federal and state securities statutes, industry rules and regulations.

Common Churning in Finance Examples

Churning is a deceptive practice in which stockbrokers excessively trade clients’ accounts to generate commissions, often leading to substantial losses for investors. The Law Offices of Robert Wayne Pearce, P.A., which represents investors nationwide, frequently encounters various forms of this unethical behavior.

Common examples of churning include:

  1. Frequent buying and selling of stocks
  2. Short-term trading in mutual funds
  3. Excessive use of margin accounts
  4. Repeated in-and-out trading
  5. Switching between similar securities

These activities can result in unnecessary transaction fees, increased tax liabilities, and erosion of portfolio value. Churning often occurs in discretionary accounts where brokers have trading authority, but it can also happen in non-discretionary accounts through high-pressure sales tactics.

Who Are the Victims of Churning Typically?

Churning typically targets inexperienced investors, retirees, or those with limited financial knowledge. Brokers may obscure their actions by providing complex account statements or emphasizing short-term gains while concealing overall losses. Victims often trust their advisors implicitly, failing to recognize the detrimental impact of excessive trading on their investments.

To protect yourself, monitor your account activity closely, question frequent transactions, and seek independent financial advice if you suspect churning.

If you believe you’re a victim of churning, take immediate action:

  1. Document everything, including account statements and communications with your broker
  2. File a written complaint with the brokerage firm’s compliance department
  3. Consult with an experienced securities fraud attorney

The Law Offices of Robert Wayne Pearce, P.A. represents investors nationwide in churning cases. An skilled lawyer can analyze your account activity, determine if churning occurred, and help you pursue compensation through FINRA arbitration or litigation.

Don’t let unethical brokers profit at your expense. Protect your financial future by recognizing the signs of churning and taking swift action if you suspect misconduct.

Contact Us Today

If you’ve experienced financial losses due to suspected churning or excessive trading, we’re here to help. Call us at 1-800-732-2889 or contact us online for a confidential consultation with a churning attorney to discover whether you have a case. We’ll aggressively fight for your financial recovery and justice.

Why Choose Robert Wayne Pearce for Your Churn

$21,000,000 Final Judgment for Civil Theft
$8,500,000 Stockbroker Bond Fraud Settlement
$8,200,000 Stockbroker Margin Account Liquidation Settlement
$7,800,000 Stockbroker Option Fraud Settlement
$6,000,000 Stockbroker Bond & Bond Fund Fraud Settlement
$5,800,000 Arbitration Award for Stockbroker Fraud
$5,500,000 FINRA Arbitration Settlement
$5,000,000 FINRA Arbitration Settlement
$4,300,000 Federal Court Class Action Settlement
$3,500,000 Florida State Court Settlement
$3,350,000 FINRA Arbitration Settlement
$3,200,000 FINRA Arbitration Award
$2,750,000 FINRA Arbitration Award
OVER $175 MILLION RECOVERED FOR CLIENTS Contact Our Lawyers for Nationwide Help

Hear From Our Clients

At The Law Offices of Robert Wayne Pearce, P.A., we believe the ultimate barometer of our success is surpassing the expectation of our clients.

The following clients have direct knowledge of our firm's processes from the inside and experienced our fierce advocacy.

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Hear From Our Clients

  • "Bob Pearce is the real-life Marvel Hero who fights for small investors against brokerage institutions who manage investors’ hard-earned money carelessly, and even worse, conduct fraud outright."

    Bob Pearce is the real-life Marvel Hero who fights for small investors against brokerage institutions who manage investors’ hard-earned money carelessly, and even worse, conduct fraud outright. For years, we were misled by a brokerage firm who told us they would correct the wrong or compensate us for their mistakes. Only after we started working with Bob, we realized how powerful and wonderful it is to have a top legal expert by your side. Bob is immensely detail oriented, knowledgeable, professional, and confident. We are more than happy with the outcome Bob achieved for us within just a few months. Thank you, Bob!

    - Q Wang -
  • “Robert Pearce is part of that unusual breed of lawyers that are able to create empathy with clients and thoroughly adopt their cause”

    No half efforts here. He and his group of professionals are outstanding strategists that can execute with precise fervor and unyielding determination. Theirs is a huge wave of facts, research, precedents and preparation, that has impressed me in its thoroughness and creativity, and most importantly with the results. No stone goes unturned and no effort is ever spared. In my book, he and they are those of a very rare kind that one wants to keep for a very long time.

    - Ramon Flores-Esteves -
  • “Just like the song from HAMILTON, it's so nice to have Bob Pearce on your side.”

    Just like the song from HAMILTON, it's so nice to have Bob Pearce on your side. He is the consumate plaintiff's lawyer: smart. dedicated, fully able to try a case but a great negotiator in a mediation. He did a wonderful job for us, fully supporting us through the process and more than holding his own against a large national law firm.

    - Maurice Z. -
  • "Mr. Pearce and his staff exceeded all of our expectations."

    Mr. Pearce and his staff exceeded all of our expectations. We were able to reach a settlement that was of our complete satisfaction, all within a very smooth, professional and efficient process. Mr. Pearce is now not only our lawyer but our family friend. We highly recommend him and his team!

    - Severiano L. -
  • "For the best fighting chance, Robert Pearce is the lawyer you want in your corner."

    This law firm is the real deal. We were so lucky that they took our case as they have so much experience in securities and all the wrongdoing that happens in these investment companies where they mislead you and your money (as in our case) into schemes that are not what you think they are. Mr. Robert Pearce is one of the best lawyers around, a truly professional who will fight for you and will tell you as it is all the time. We could not have gone thru this experience if it was not for all the advice, guidance and support he and all of his staff and associates brought to the game. For the best fighting chance, Robert Pearce is the lawyer you want in your corner.

    - Astrid M. -
  • "He never felt intimidated and his study of the case and perseverance prevailed at all times."

    Attorney Robert Pearce was our lawyer in a case against a Brokerage Firm and I'm witness to his ability and intelligence to deal with lawyers from the most prominent law firm in New York which was the key to recovering much of our losses cheered by their negligence. He never felt intimidated and his study of the case and perseverance prevailed at all times.

    - Jose A. C. -
  • "In the end, Bob and I had the last laugh when the arbitrators awarded me almost 6 million dollars."

    No lawyer except Bob said I had a chance of winning. When UBS Lawyers laughingly offered me zero to settle the dispute, Bob became even more determined to prove everybody wrong. Bob was extremely prepared, and always a step ahead of the opposing attorneys throughout the arbitration. In the end, Bob and I had the last laugh when the arbitrators awarded me almost 6 million dollars.

    - J. Blanco -
  • "Every meeting and phone call was made with dedication and desire to help our family every step of the way."

    Robert's team is excellent. They are very competitive in what they do and they are very responsible. Every meeting and phone call was made with dedication and desire to help our family every step of the way. Their professionalism, responsibility and empathy assured us that we were in good hands. Recommend to everyone.

    - Mayra A. -

FREE INITIAL CONSULTATION WITH A CHURNING ATTORNEY

The Law Offices of Robert Wayne Pearce, P.A. specializes in representing investors who have fallen victim to churning and other forms of securities fraud.

Our expert churning lawyers are dedicated to helping individuals recover their losses from unethical brokers using all available legal methods.

If you’ve experienced financial losses due to suspected churning or excessive trading, we’re here to help. Call us at 1-800-732-2889 or contact us online for a confidential consultation with a churning attorney to discover whether you have a case. We’ll aggressively fight for your financial recovery and justice.