Many who are experienced in the securities market know that fraud cases are very common, despite the many safeguards that have been built to protect investors from them. Maine is no stranger to such fraud cases and have seen many fall for these frauds, including pump and dump schemes and Ponzi schemes. Often times, victims do not know what to do when they encounter such cases. They may be angry and frustrated about their financial loss. At Weltz Law, we will do our best to help you recover your lost money. Our attorneys are experts in securities litigation and will deliver the best legal services.
Maine has a population of 1.3 million residents and has a total land area of 30,843 square miles. It also has inland water of approximately 6000 square miles. Maine is bounded by Quebec, New Brunswick and New Hampshire. To the east of the Mississippi River, Maine is considered to be the most sparsely populated state. More than 80 percent of the state’s total land area is covered by forest. The state is well known for its nature, such as its low, rolling mountains, jagged coastlines, big waterways and densely forested interior. Maine is also famous for their seafood cuisine like lobsters and clams.
Usually, a broker would be someone that the investor trusts to make the best decisions in their interests. However, not all cases are like that. Sometimes, stockbrokers do questionable things behind the backs of clients to earn cash for themselves. For instance, a stockbroker may take on many transactions for the client so that they can make as many commissions as possible for themselves. This is called churning. The stockbroker would have violated the trust of the client, and broken the principle that all transactions undertaken should be surrounding the aim of reaching clients’ financial goals.
If you are a victim of fraud cases, it would be best to turn to a securities litigation lawyer. Attorneys at Weltz Law will carefully assess your case and examine the facts to provide the best advice for you. If any arbitration or litigation process follows, we will support you and represent you. Call 877-905-7671 to get in touch.
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