For anyone in the process of investing, it is natural to be cautious. Stories of investment fraud are rife – especially in many newer and emerging markets. Many of us make investments for the first time without much education on the potential problems that could take place. All it takes is a sales expert with the gift of conversation to convince you to make a ‘no-brainer’ investment.
Yet when things go wrong, and you become the victim of investment fraud or a failed investment, what can you do?
The best thing to do is primarily contact an attorney. Want to know more about recovering losses due to investment fraud? You can find out more at: https://investorlawyers.org/practice-areas/investment-fraud/.
The main reason to do this is that a lawyer who has experience and knowledge of rules and laws governing investments can determine if you have a case or not. In many situations, if you have been given poor advice by your broker, you may be able to your losses. The vast majority of broker disputes can be resolved via arbitration. In the event where a professional broker has mismanaged your investment, you could recover some of your losses.
However, every case is different and the circumstances involving your investment have to be looked at closely. If you believe you have been a victim of investment fraud don’t hesitate to contact an attorney. Generally speaking, investment disputes are subject to a statue of limitation after which recovering losses might be difficult, barring certain specific circumstances
How can an investor lawyer help you to recover your investment losses?
To begin with, you will have to provide an appraisal of the situation. This typically means discussing with your investor lawyer:
- When did you make the investment
- Did you invest at the recommendation of a broker or investment adviser
- What information your broker or investment adviser provided and did it aligned with your risk profile
- What other investments did the broker recommend
- The scale of your investment amount versus the amount that you have lost
With those details in hand, an investor lawyer can then begin the process of investigating the case. If they determine you have lost your money due to negligence or other misconduct on the part of your broker, then a case can be made.
What should I do if I believe I suffered investment losses?
The first thing to do is to contact a trusted investor lawyer. They can take a look at your case and can then determine what the next steps should be. Gather all of the relevant documentation for your claim and take it to your chosen attorney. They can then look over the details and make a more decisive claim from there.
Preserve all documents. From the moment of initiation of a claim, all documents relevant to the case need to be preserved and shared with the attorney so they can exchange them with the adverse party during the discovery phase of the litigation.
The sooner you get involved with a legal professional who can fully appraise the situation, the more likely it is that you can find a suitable result that can recover some of your lost earnings.
There has been an increase in the volume of investor fraud in the U.S. and across the world. The result has been considerable investment loss among many investors. In some instances, it may be possible to seek compensation for such investment fraud losses. Reaching out to an experienced investor lawyer might be a good first step to consider.
