Silver Law Group’s Attorneys Are Investor Advocates
The balance of power between people in the securities industry and investors—their customers—is not equal. Investors rely on financial professionals for honest, straightforward information, disinterested advice, and fair dealing. In many cases, those professionals also have a professional or fiduciary duty to provide those things. Yet we see over and over again that some in the financial industry ignore those responsibilities and take advantage of investors in search of profits for themselves. Wall Street has powerful lobbyists protecting Wall Street from main street and trying to make it easier to take advantage of investors.
At Silver Law Group, we focus our practice exclusively on advocating for investors who have been cheated, defrauded, or otherwise wronged. That is, we are advocates for investors. Our lead attorney, Scott Silver, left a job defending Wall Street firms accused of this kind of misconduct in order to represent ordinary investors who were cheated. In every case, our goal is to get our clients the best possible restitution for the harm that’s been done to them.High Standards for Financial Professionals – A Fiduciary Duty
Investing, by its nature, involves a lot of money. Often, that money is savings for retirement, a child’s college fund, or another major life event that needs financial planning. By making these investment plans well ahead of time, investors justifiably believe they’re doing the right thing by themselves or their families.
When we bring that money to financial advisors, we trust them to do the right thing as well. According to FINRA, the nonprofit regulator of broker-dealers, fair dealing is the foundation of the securities industry.
That trust is backed up by legal obligations for broker-dealers, including:
- Not misrepresenting or omitting material information about investments
- Reasonable due diligence on all investments
- Giving the customer the most favorable price possible in the circumstances
- Charging fair commissions and trading at fair prices
- Not misappropriating or mishandling customers’ money and securities
- Getting customers’ approval for transactions involving them
- Making recommendations suitable to the client’s situation
- Not pursuing transactions when there’s reason to believe the client is being exploited
- Avoiding insider trading
In addition, financial professionals—whether or not they’re regulated as broker-dealers—are obliged by law to avoid fraudulent and misleading business practices.Protecting Investor Rights
Unfortunately, numerous media reports of fraud in the financial industry show us that not everyone is honest. Even more tragically, the most severely affected victims tend to be the people who can least afford a catastrophic loss: Ordinary investors who aren’t necessarily sophisticated about the market. Investment fraud takes advantage of those people in search of a quick profit.
That’s not just morally and ethically wrong; it breaks the law. Silver Law Group advocates for defrauded investors, helping them recover as much of their money as possible and hold the wrongdoers legally responsible. That includes lawsuits, arbitration before FINRA, and SEC whistleblower claims. We primarily take cases on contingency, which means we are paid from a percentage of your earnings rather than billing you at the start. And we offer free consultations, so you can learn more at no obligation. To set up this kind of meeting, call us at (800) 975-4345 or contact us through our website.