For most people, making investments is one of their main strategies for growing wealth or funding their retirement. While investing in stocks, bonds, and mutual funds can be a very smart strategies, it is possible to be a victim of investment fraud, which can lead you to losing all of the funds you have invested. If you want to file a claim against a stock broker or brokerage firm, it is in your best interest to hire a securities attorney. Some of the top reasons to hire a securities attorney to represent you in an investment fraud case include:
Expertise in Rules and Regulations
Securities and investments are highly regulated, and that means that there are a number of rules and laws in place. While you may have evidence that you have been a victim of investment fraud, there is a good chance that you don't know enough about the rules and laws to file a claim on your own. When you hire a securities attorney, you can count on working with a highly trained professional who has a complete understanding of the laws, rules, and regulations surrounding securities and investments.
Determine If You Have a Viable Claim
An experienced securities attorney will have the skills needed to review all of the documentation related to you investments to help determine if you have a viable claim against a stock broker or brokerage firm. Stocks losing value due to a downward trend in the market is not investment fraud, but things like selling phony stock, Ponzi schemes, and intentionally selling speculative, high-risk stocks without disclosure are.
Chose the Best Path for Your Claim
In most cases, investment fraud is either dealt with through arbitration or in a court of law. The method that works best will depend on your specific situation, the nature of the fraud, and the amount of money lost. A securities attorney will know how to begin your claim and will decide whether it is best to start in arbitration or go straight to court.
When you're filing an investment fraud claim, there are numerous deadlines that must be followed, along with documents and evidence that must be submitted. One mistake during the filing process can derail your whole case. An experienced securities attorney will manage every detail of your case to help ensure that every deadline is met and all necessary paperwork arrives on time.
For more information, contact companies like Carter West Law Firm.