The past few years have brought unprecedented returns to investors in the stock market. Unfortunately, these good times have also had the effect of investors falling prey to dishonest or reckless stockbrokers or investment advisors.
The majority of stock brokerage firms attempt to uphold their commitment to professionally advise clients and only a small percentage of stockbrokers are dishonest. Unfortunately all it takes is one dishonest stockbroker or brokerage firm to wipe a lifetime of savings and hard work.
Every week in our law practice in Atlanta, we see people who have been separated from their retirement savings by an unscrupulous brokerage firm or stockbroker. Many times, these people are beyond their peak earnings years and have to rely on arbitration as their only hope to recover financially from the fraud that has victimized them.
The National Association of Securities Dealers (NASD), the New York Stock Exchange (NYSE) and other self regulatory agencies run very effective arbitration programs where aggrieved investors can seek redress of wrongs committed by their stockbrokers.
However, the investor's best line of defense is to protect himself or herself from becoming a victim in the first place. Alternatively, following these tips (see menu at left) can help you recover losses should you be a victim of fraud.
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