Have you fallen victim to investment fraud or stockbroker malfeasance? Are you looking for an experienced attorney to help you fight for the compensation you deserve?
West Virginia securities fraud attorney Robert Wayne Pearce at the Law Offices of Robert Wayne Pearce P.A., have extensive experience representing investors and organizations in securities arbitrations through FINRA in the Mountain State
We understand the frustration and stress that comes with being a victim of investment fraud, and we are here to help you navigate the legal process and hold those responsible accountable.
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 West Virginia 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 (800) 732-2889.
Definition of Investment Fraud and Securities Fraud
Investment fraud, or securities fraud, involves deceptive practices to manipulate investor decisions, leading to significant financial losses. Common schemes include Ponzi schemes, pump-and-dump schemes, and selling unregistered securities. These illegal activities are subject to legal penalties.
In Nevada, brokers and financial advisors sometimes push high-risk, complex investments to earn high commissions, regardless of their clients’ risk tolerance. This can lead to substantial financial losses, especially when the risks are minimized and potential returns are exaggerated.
Many brokers and advisors do not uphold their fiduciary duty, misleading investors, hiding risks, engaging in excessive trading for commissions, or overcharging with hidden fees. If you’ve been a victim of such practices, our Nevada-based investment fraud attorneys are here to help.
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.
West Virginia and Federal Laws That Protect Investors
West Virginia investors benefit from a robust framework of protections designed to ensure fair and transparent markets. These safeguards include:
- Key Laws and Regulations
- West Virginia Uniform Securities Act: The cornerstone of West Virginia 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.
- West Virginia Business Organizations Code: This outlines shareholder rights and the responsibilities of company leaders, aiming to ensure that corporations act in the shareholders’ best interests.
- West Virginia Deceptive Trade Practices-Consumer Protection Act (DTPA): This broad law empowers investors to take action against unfair or deceptive investment practices.
- Governing Agencies
- West Virginia Securities Commission: This agency is the primary watchdog for the West Virginia securities industry. They register offerings, license brokers, investigate misconduct, and educate investors about their rights.
- Office of the West Virginia Attorney General (Consumer Protection Division): Focused on consumer protection, this office can intervene in cases of investment fraud or other deceptive practices that harm West Virginia 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
- West Virginia Securities Commission: https://www.wvsao.gov/Securities/
- Office of the West Virginia Attorney General, Consumer Protection Division: https://ago.wv.gov/consumerprotection/pages/default.aspx
- FINRA: https://www.finra.org/
- SEC – https://www.sec.gov/
Can I Recover my Investment Losses?
In order to recover your investment losses, you must prove that your broker-dealer or financial advisor violated the West Virginia Uniform Securities Act, Federal securities statutes, breached their fiduciary duty to you as an investor, disregarded FINRA Code of Conduct, acted negligently in managing your account.
In most cases, this means filing a FINRA arbitration claim against the broker-dealer and/or representative.
The majority of securities fraud cases are handled by FINRA (Financial Industry Regulatory Authority) rather than being brought to the court system.
FINRA arbitration is a streamlined, cost-effective way to resolve disputes between investors and their brokers without going to court – it also allows you to collect punitive damages, which are not available in civil court.
As a WV-based investor, you have certain rights that must be respected and protected.
We are currently conducting investigations into several financial firms and stockbrokers in West Virginia who have been implicated in customer complaints, may be subject to legal action, and are suspected of unethical behavior and committing fraud, including:
- https://www.secatty.com/investigations/robert-skidmore-money-concepts-capital-corp/
- https://www.secatty.com/investigations/callen-bryan-cetera-advisor-networks/
- https://www.secatty.com/investigations/anthony-williams-merrill-lynch-pierce-fenner-smith/
- https://www.secatty.com/investigations/jefferey-biederman-morgan-stanley/
- https://www.secatty.com/investigations/robert-powers-wells-fargo-clearing-services/
- https://www.secatty.com/investigations/acie-hylton-truist-investment-services/
- https://www.secatty.com/investigations/courtney-kucish-edward-jones-2/
- https://www.secatty.com/investigations/joseph-randolph-wells-fargo-clearing-services/
- https://www.secatty.com/investigations/christopher-passero-money-concepts-capital/
- https://www.secatty.com/investigations/nicholas-armellino-gms-group/
- https://www.secatty.com/investigations/christopher-walters-janney-montgomery-scott/
- https://www.secatty.com/investigations/nina-jessee-cetera-advisors-llc/
- https://www.secatty.com/investigations/jeffrey-mcmahon-lpl-financial/
- https://www.secatty.com/investigations/david-spence-purshe-kaplan-sterling-investments/
- https://www.secatty.com/investigations/frederick-baerenz-kalos-capital/
- https://www.secatty.com/investigations/dawn-bennet-western-international-securities/
- https://www.secatty.com/investigations/ryan-derks-berthel-fisher-company-financial-services/
- https://www.secatty.com/investigations/joseph-altic-lpl-financial/
- https://www.secatty.com/investigations/james-louderbaugh-oppenheimer-co/
- https://www.secatty.com/investigations/mark-falter-investors-capital-corp/
- https://www.secatty.com/investigations/andrew-dittberner-of-lpl-financial/
- https://www.secatty.com/investigations/jason-riney-securian-financial-services/
- https://www.secatty.com/investigations/rodney-ferguson-nylife-securities/
- https://www.secatty.com/investigations/michael-distler-madison-avenue-securities/
- https://www.secatty.com/investigations/mary-swanson-stifel-nicolaus-company-2/
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 recovered more than $175 million for his investor clients. Remarkably, he has secured funds for over 99% of his clients, utilizing various methods such as settlements, arbitrations, and court litigations to achieve these results.
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 Investment Fraud Lawyer Do for Investors?
What Can an Investment Fraud Lawyer Do for Investors?
An investment 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
What Are the WV Statute of Limitations?
When dealing with investment fraud cases, it is crucial to act quickly due to the statutes of limitations set by both state and federal laws. In West Virginia, you generally have two years to file a fraud claim. On the federal level, the deadline for filing securities fraud cases is typically either five years from the date of the violation or two years from when the fraud should have been discovered, whichever comes later. Consulting with an attorney promptly can help ensure that your claim is filed within these legal time limits.
Types of Common Investment and Securities Fraud Cases
In West Virginia, investors must be cautious of various types of investment fraud. Common schemes include unsuitable investments, where recommendations don’t align with investor needs, and forced liquidation, involving unauthorized selling. Ponzi schemes promise high returns but ultimately fail, causing losses. Churning, or excessive trading to generate commissions, and misrepresentation or omission of critical information are also prevalent.
Breaches of fiduciary duty, unauthorized trading, and failure to supervise advisors are significant concerns. Other frequent frauds include overconcentration, theft or misappropriation of client funds, mutual fund sales violations, excessive markups, selling away, and advisor negligence.
Additionally, investors should be wary of margin abuse, conflicts of interest, private placements, cryptocurrency fraud, 401(k) misconduct, microcap fraud, mining investment scams, EB-5 program fraud, and advance fee schemes. These fraudulent practices highlight the need for thorough due diligence among investors.
Contact a West Virginia Securities and Investment Fraud Attorney Today
The Law Offices of Robert Wayne Pearce, P.A., is a law firm specializing in representing defrauded investors recover. Investment fraud lawyer Robert Wayne Pearce specializes in getting individuals their money back from bad investments using any and all available methods.
If you are an investor who has recently dealt with investment loss due to potential securities or investment fraud, we want to help.
If you have questions about how to move forward, contact our team online or by phone at 561-338-0037 for a free confidential consultation with a qualified securities lawyer. We will fight aggressively for your financial recovery and for justice.
Our law firm works with West Virginia clients in Charleston, Huntington, Morgantown, Parkersburg, Wheeling, Weirton, Martinsburg, Fairmont, Beckley, Clarksburg, and throughout the state. Robert Wayne Pearce has decades of first-hand experience in FINRA securities arbitration, and is one of the preeminent experts in this matter both nationwide and internationally.