Securities Law Violations: Broker Fraud
The Birmingham law firm of Burke, Harvey & Frankowski represents consumers who suffered substantial financial losses due to stock and investment broker fraud and misconduct and other securities law violations in Alabama, Georgia and the Florida Panhandle.
Brokers have a fiduciary duty to their clients to provide honest guidance, to place the client's interests in front of their own, to disclose risks and fees and to exercise due diligence in matching an investment strategy with the client's needs.
When a broker lies, shortchanges a client, charges hidden fees, accepts kickbacks for recommending investments, or commits any other form of broker fraud or deceit, the capable attorneys of Burke, Harvey & Frankowski welcome the opportunity to stand up for the victims and to hold the broker and brokerage firm accountable.
If you feel you were a victim of broker fraud, we invite you to contact our offices to discuss your legal options in an informative initial consultation with an experienced and dedicated securities lawyer.
Putting Broker Fraud Into Perspective
While the SEC is the main enforcer of U.S. securities laws at the federal level, each of the 50 states maintains its own set of securities laws and rules, often referred to as “Blue Sky laws.”
This complex mix of state and federal laws and regulations is one of the great weaknesses of the securities industry. Even well-intentioned individual brokers and brokerage firms can easily find themselves facing multiple violations. This environment also contributes to the ease with which greedy, unprincipled brokers and advisors perpetrate frauds against American consumers, including:
- Failure to be licensed (Unlicensed activities)
- Failure to plan for a client's retirement (Retirement fraud)
- Misrepresenting the risks of options trading (Misrepresentation)
- Churning
- Unsuitability
- Participation in mortgage backed-securities or CMO fraud
- Portfolio pumping
- Illegal short selling or selling away
- Market manipulation
If you suspect that any form of broker fraud, negligence or misconduct was to blame for your financial losses, please call Burke, Harvey & Frankowski in Birmingham at 205-930-9091 or toll free at 888-930-9091 to schedule a free consultation with an accomplished securities lawyer. We serve clients in Alabama, Georgia and the Florida Panhandle.
You may also contact us by e-mail for a prompt response to your important questions, to report a case of broker fraud or to request a case evaluation.
