Alaska investment fraud and stockbroker loss recovery recovery attorney Robert Wayne Pearce at the Law Offices of Robert Wayne Pearce P.A., has extensive experience representing investors and organizations in the Last Frontier State of Alaska.
Have you fallen victim to investment fraud? Are you looking for an experienced attorney to help you fight for the compensation you deserve?
Since 1980, we have been devoted to helping investors and have successfully recovered over $175 million in settlements and verdicts on their behalf. View client testimonials here.
We have experience handling all types of securities fraud cases and utilize all available legal avenues from the federal level to Alaska law as it applies to investment fraud cases.
Don’t let investment fraud ruin your financial future – contact the Law Offices of Robert Wayne Pearce, P.A. today via our quick-response form, or call our Anchorage office line at 800-732-2889.
What Does Investment Fraud and Securities Fraud in Alaska look like?
Investment fraud is a term sometimes used interchangeably with securities fraud, and it involves using deceptive practices, including false or misleading information, to manipulate Alaskan investors into making investment decisions that result in substantial losses. Dishonest brokers may even resort to outright theft of investor’s funds or securities.
Example Scenario: A retired investor in Anchorage is persuaded by a hotshot NYC broker to put a large portion of their retirement savings into a high-risk, illiquid investment. The broker downplays the risks, misrepresents the potential returns, and pressures the investor to make a quick decision. The investment ultimately fails, leading to significant losses for the investor in his 60’s..
Upon initially engaging with your broker-dealer, you probably expected them to prioritize your interests. However, numerous brokers and financial advisors fail to fulfill their fiduciary responsibilities, or they may even engage in clear acts of securities fraud.
Such actions can include misleading you about the nature of investments, hiding associated risks, engaging in excessive trading (known as churning) to earn commissions, or imposing hidden fees that inflate your costs.
Investment Losses? We Can Help
Discuss your legal options with an attorney at The Law Offices of Robert Wayne Pearce, P.A.
or, give us a ring at (800) 732-2889.
How our Investment and Stockbroker Fraud Attorneys in Anchorage Can Help You
If you believe you have been a victim of investment fraud in Alaska, it is important to contact an investment fraud lawyer with experience handling these types of cases in your state (AK, specifically). Regulatory bodies that are Federal, like the SEC or FINRA, might also need to be alerted to potential market manipulation or insider trading.
Acting swiftly increases your likelihood of securing compensation. At the Law Offices of Robert Wayne Pearce, P.A., we have a history of assisting numerous investors in reclaiming losses from investment fraud.
Our approach involves a comprehensive investigation of your case to identify any instances of misrepresentation or fraud, and we are dedicated to advocating for your rights to ensure you receive the justice and compensation you are entitled to.
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our Anchorage office line at 800-732-2889.
Our law firm works with clients throughout the state:
- Sitka
- Juneau
- Wrangell
- Anchorage
- Valdez
- Unalaska
- Cordova
- Bethel
- Petersburg
- Kenai
- Dillingham
- Haines
- Homer
- Seward
- Wasilla
- Nome
- Palmer
- Ketchikan
- North Pole
- Kodiak
Types of Investment and Securities Fraud Cases We Can Help Represent You With
Investment fraud in Alaska encompasses various deceptive tactics used by unscrupulous brokers and advisors. Common types include unsuitable investments, where recommendations do not align with investor needs, and forced liquidation, where brokers sell assets without warning.
Ponzi schemes promise high returns but are fraudulent. Excessive trading, or churning, generates commissions for advisors rather than benefiting clients. Misrepresentation and omission involve deceptive information about investments.
Other prevalent frauds include breach of fiduciary duty, unauthorized trading, and failure to supervise. Overconcentration of investments, theft or misappropriation of funds, and mutual fund sales violations are also common.
Additionally, excessive markups, selling away, negligence, and margin abuse pose significant risks. Conflicts of interest and cryptocurrency fraud further complicate the investment landscape.
Schemes like microcap fraud, mining investment fraud, and EB-5 program fraud also affect investors. These types of fraud highlight the importance of vigilance and due diligence for investors in Alaska and why they may need to speak to a securities lawyer if they’ve been taken advantage of.
Alaska and Federal Laws Pertaining to Investment Fraud
Alaska investors benefit from a robust framework of protections designed to ensure fair and transparent markets. These safeguards include:
- Key Laws and Regulations
- The Alaska Securities Act: The cornerstone of Alaska investor protection, this law combats fraud, mandates the registration of most securities, and provides avenues for investors to seek recourse if they’ve been misled.
- The Alaska Business Organizations Code: This outlines shareholder rights and the responsibilities of company leaders, aiming to ensure that corporations act in the shareholders’ best interests.
- The Alaska Deceptive Trade Practices-Consumer Protection Act (DTPA): This broad law empowers investors to take action against unfair or deceptive investment practices.
- Governing Agencies
- Alaska State Securities Board: This agency is the primary watchdog for the Alaska securities industry. They register offerings, license brokers, investigate misconduct, and educate investors about their rights.
- Office of the Alaska Attorney General (Consumer Protection Division): Focused on consumer protection, this office can intervene in cases of investment fraud or other deceptive practices that harm Alaska investors.
- National Regulatory Bodies
- FINRA (Financial Industry Regulatory Authority): FINRA oversees all broker-dealers in the US, setting ethical standards, enforcing securities laws, and providing investor education resources. They work alongside the SEC (Securities and Exchange Commission) for broad investor protection.
Useful Resources
- Alaska State Securities Board: https://www.commerce.alaska.gov/web/dbs/securities.aspx
- Office of the Alaska Attorney General, Consumer Protection Division: https://law.alaska.gov/department/civil/consumer/laws.html
- FINRA: https://www.finra.org/
- The SEC – https://www.sec.gov/
As an investor, you have certain rights that must be respected and protected.
We’re currently investigating several financial firms and stockbrokers who may have been the subject of customer complaints, may be facing legal action, and who may have acted unethically and committed fraud in Alaska, including:
- https://www.secatty.com/investigations/jonah-engler-global-arena-capital/
- https://www.secatty.com/investigations/serge-suleimani-wells-fargo-clearing-services/
- https://www.secatty.com/investigations/ronald-bailey-mutual-of-america-life-insurance/
- https://www.secatty.com/investigations/guadalupe-wright-merrill-lynch-pierce-fenner-smith/
- https://www.secatty.com/investigations/thomas-zitzmann-securities-america/
- https://www.secatty.com/investigations/mark-robare-triad-advisors-llc/
- https://www.secatty.com/investigations/enrique-lopez-arkadios-capital/
- https://www.secatty.com/investigations/wesley-sorensen-principal-securities-inc/
- https://www.secatty.com/investigations/eric-nichols-tcfg-wealth-management-llc/
- https://www.secatty.com/investigations/david-bittermann-oppenheimer-co/
- https://www.secatty.com/investigations/daniel-dillard-union-capital-company/
- https://www.secatty.com/investigations/christopher-larochelle-dfpg-investments/
- https://www.secatty.com/investigations/charles-mclean-sigma-financial-corporation/
- https://www.secatty.com/investigations/carlos-salazar-lpl-financial-llc/
- https://www.secatty.com/investigations/andrew-schwartz-hightower-securities/
- https://www.secatty.com/investigations/maria-hendershott-raymond-james-and-associates-inc/
- https://www.secatty.com/investigations/jeffrey-haag-morgan-stanley/
- https://www.secatty.com/investigations/lawrence-labine-newbridge-securities/
Did You Know . . . Investment Fraud Attorney Robert Pearce Has Single-Handedly Collected Over $175 Million On Behalf of His Clients?
Over the past two decades, Robert Pearce has successfully secured more than $175 million in recovery for his investor clients. Impressively, he has achieved financial restitution for more than 99% of his investor clientele, utilizing diverse recovery methods such as settlements, arbitrations, and legal proceedings in court.
No investment fraud firm can ever guarantee the same or similar results in any given case. However, when you hire the Law Offices of Robert Wayne Pearce, P.A., you can sleep well knowing you are in qualified and capable hands. Attorney Robert Pearce has represented hundreds of investors over his 40 year career and in the last 20 years alone recovered over $175 million for his investor clients.
Robert Pearce will fight for your rights day in and day out to get you the recovery you are entitled to.
What Can an Alaska Broker Fraud Lawyer Do for Investors?
An investment and broker fraud lawyer helps investors recover investment losses that they lost due to a financial advisor or broker who did not act in their best interest. Typically, the lawyer will help the investor recover their losses through a process called FINRA arbitration.
Investment Losses? Let’s talk.
or, give us a ring at 800-732-2889.
Client Testimonials
Contact a Specialized Investment Fraud Attorney Today
If you’re an investor facing recent losses potentially due to securities or investment fraud, we’re here to offer our assistance.
Alaska investment fraud and loss recovery lawyer Robert Wayne Pearce specializes in getting individuals their money back from bad investments using any and all available methods.
If you have questions about how to move forward, contact our team online or call our Anchorage office line at 800-732-2889 for a free confidential consultation with an Alaska securities lawyer. We will fight aggressively for your financial recovery and for justice.