Los Angeles Securities Lawyer
Helping Investors Burned by Their Brokers
Whether holding fraudulent or negligent brokers responsible for their behavior, representing investors in arbitration or mediation, or litigating complex business cases, a lawyer’s experience matters. Diligent securities fraud attorney Steve A. Buchwalter has more than 20 years of experience helping clients throughout Los Angeles County, including Beverly Hills and Pasadena, as well as elsewhere in Southern California. He has appeared before the United States Senate as their expert witness regarding broker practices. Furthermore, Los Angeles securities lawyer Steve A. Buchwalter has real-world experience as a formerly licensed commodity trading advisor and a stockbroker. In fact, every member of our staff shares a background as licensed stockbrokers. As a result, our firm understands the intricacies of securities law and the legal issues that our clients face.
Advice for Victims of Stock Fraud
State and federal securities laws require financial professionals to serve their clients with integrity and competence. Under these provisions, investors can hold brokers accountable for losses caused by fraud, misrepresentations, or omissions. Financial advisors who are either located in California or serve residents of this state must abide by Cal. Corp. Code § 25401, which prohibits them from making false statements or omitting important information in the course of selling a security. The Securities Exchange Act of 1934 provides investors similar protections that are enforceable in federal courts, although California law is generally more favorable for someone bringing a claim.
California law also protects investors from broker negligence. Some examples of this impermissible behavior include failing to complete due diligence on potential investments or suggesting investments that are plainly inappropriate for a specific client.
Investors who bring a successful case against a fraudulent or negligent broker are entitled to damages equal to the money that they have lost, plus interest.