Nevada is one of the riskiest states in the country for senior scams, ranking near the top nationally for fraud reports per capita among residents 60 and older. Las Vegas’s booming retiree community also draws unsuitable variable annuity sales, private placement schemes, and Ponzi-style investment fraud targeting retirement savings.
The Nevada investment fraud lawyers at the Law Offices of Robert Wayne Pearce P.A. specialize in helping victims recover their losses through FINRA arbitration, securities litigation, and settlement negotiations. If you’ve lost money due to investment fraud or broker misconduct, you’re not alone—and it’s not your fault. We understand the frustration and betrayal you feel when a trusted financial advisor puts their interests before yours.
Attorney Pearce and his team of Nevada investment fraud & securities attorneys have, for more than 45 years, successfully fought cases involving breach of fiduciary duty, brokerage firm misconduct, broker negligence and other securities violations throughout the state.
Whether your case involves FINRA claims against major brokerages or smaller firms engaging in selling away or excessive markups, we know how to build strong cases that hold wrongdoers accountable.
How a Nevada Investment Fraud Attorney Can Help You
If you’ve suffered investment losses due to potential fraud or misconduct, the experienced Nevada investment fraud attorneys at the Law Offices of Robert Wayne Pearce, P.A. can guide you through your options and fight to help recover your losses.
Misrepresentation and Securities Fraud Violations in Nevada
Investment fraud frequently involves misrepresentation—when brokers or financial advisors provide false, incomplete, or misleading information. Nevada law protects investors through the Nevada Uniform Securities Act (NRS 90), which specifically prohibits fraudulent practices and provides investors avenues for recourse.
At the Law Offices of Robert Wayne Pearce, P.A., our Nevada securities fraud attorneys can investigate your case, identifying fraudulent misrepresentations and pursuing claims through arbitration or litigation to help you reclaim your investment losses.
Breach of Fiduciary Duty by Financial Advisors
Brokers and advisors owe investors a fiduciary duty, meaning they must always prioritize the investor’s best interests. Violations may occur when brokers engage in self-dealing, unauthorized trading, or excessive risk-taking.
Under Nevada law, including provisions of the Nevada Private Corporations Act (NRS 78), investors have the right to pursue compensation for fiduciary breaches. Our investment fraud lawyers at Robert Wayne Pearce, P.A. have extensive experience holding brokers accountable through FINRA arbitration or civil claims.
Unfair and Deceptive Investment Practices
The Nevada Deceptive Trade Practices Act (NRS 598) protects investors from deceptive business practices. Examples include Ponzi schemes, pyramid schemes, and undisclosed conflicts of interest.
Our investment fraud attorneys have successfully navigated complex deceptive practice claims, and can thoroughly evaluate your situation, pursue responsible parties, and work to secure compensation.
Broker Negligence and Mismanagement of Investments
Negligence occurs when a broker fails to exercise appropriate care or due diligence, resulting in investor losses. Negligence may involve unsuitable investments, lack of diversification, or failing to monitor investment performance.
If negligence is suspected, our securities attorneys can help you file a FINRA arbitration claim against the broker or brokerage firm, seeking to recover your financial losses.
Unauthorized Trading and Account Churning
Unauthorized trading involves executing trades without investor consent, while churning refers to excessive trading intended to generate commissions. Both practices violate FINRA rules and Nevada securities regulations.
The investment fraud lawyers at Robert Wayne Pearce, P.A. have extensive experience identifying unauthorized trading and churning, helping investors recover losses through FINRA arbitration or litigation.
Federal Securities Fraud Violations
Federal protections like the Securities Act of 1933 and the Securities Exchange Act of 1934, enforced by the SEC and FINRA, prohibit insider trading, market manipulation, and other securities violations.
Our Nevada securities attorneys understand the complexities of federal securities law, and can navigate your claim through the appropriate federal channels to maximize your recovery.
Statute of Limitations for Investment Fraud in Nevada
Nevada and federal securities fraud cases typically must be filed within five years of the violation or within two years after discovering the fraud. Acting quickly is critical to preserving your rights.
Other Common Investment Fraud Violations We Handle:
- Pyramid Schemes
- Ponzi Schemes
- Failure to Supervise
- Elder Financial Abuse
- Market Manipulation
Nevada Securities Laws
Nevada’s securities law is the Nevada Uniform Securities Act, found in Nevada Revised Statutes Chapter 90. Under NRS 90.570, it’s illegal to defraud anyone in the offer, sale, or purchase of a security. That includes lying about material facts, leaving out facts investors need to know, and running fraudulent investment schemes. Selling unregistered securities is also prohibited.
This statute is part of what are commonly called “blue sky laws” — state securities laws that exist alongside federal securities regulation. They give Nevada regulators authority to investigate and act against securities misconduct occurring in the state.
The Securities Division of the Nevada Secretary of State’s office licenses and oversees broker-dealers, sales agents, and investment advisers. Its rules, in Nevada Administrative Code Chapter 90, prohibit dishonest or unethical business practices, deceptive advertising, and unlicensed branch offices. Broker-dealers and advisers also owe investors a fiduciary duty under NRS 90.575, meaning unsuitable recommendations can violate state law.
Useful Resources for Nevada Investors:
- Nevada State Securities Board
- Office of the Nevada Attorney General, Consumer Protection Division
- FINRA
- U.S. Securities and Exchange Commission (SEC)
What Can an Nevada Stockbroker and Securities Fraud Lawyer Do for Investors?
An investment fraud lawyer helps investors recover investment losses that they lost due to a financial advisor or stock 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.
Contact our Nevada Investment Fraud Attorneys Today
The Law Offices of Robert Wayne Pearce, P.A., is a law firm specializing in representing defrauded investors recover. Nevada investment and stockbroker 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 call our Las Vegas office line at (800) 732-2889 for a free confidential consultation with a Nevada securities lawyer. We will fight aggressively for your financial recovery and for justice.
Our law firm serves clients throughout Nevada:
Client Testimonials
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Frequently Asked Questions
How can I tell if my investment losses are due to fraud or broker misconduct in Nevada?
If your broker placed you in high-risk investments, failed to disclose key risks, or traded without your permission, you may be a victim of investment fraud. Nevada law under NRS 90 protects investors from deceptive and unsuitable practices—we can review your case to help identify wrongdoing.
Is there a time limit to file an investment fraud claim in Nevada?
Yes. Nevada law typically allows up to five years from the date of the fraud, or two years from when it was discovered. To protect your rights, it’s best to speak with an attorney as soon as possible.
How much does it cost to hire the Law Offices of Robert Wayne Pearce P.A.?
Our firm works on a contingency fee basis, so you pay no legal fees unless we recover money for you. All initial consultations are free and confidential.
What types of losses may be recoverable in Nevada investment fraud cases?
You may recover your financial losses, lost gains, interest, and in some cases, punitive damages. The amount depends on factors like the type of fraud, the evidence available, and when the misconduct occurred.
How long does the investment fraud recovery process usually take?
Most Nevada cases are resolved through FINRA arbitration, which typically takes 12–18 months. Complex cases or litigation may take longer, but some settle earlier depending on the strength of the claim.
[Written by attorney Robert Wayne Pearce (Attorney Bio)]