At Starr Austen & Miller LLP, we help people who have lost money because their stock brokers or advisors mismanaged their investments. See our Securities Fraud Case History for examples. As a rule, we only get paid if you do. About 75 percent of the cases we’ve taken are paid contingency.
The types of securities fraud cases we handle include:
- Overconcentration (an entire portfolio concentrated in one type of investment)
- Broker theft of money
- Churning (excessive trading of a client’s account in order to increase broker commissions)
- Breach of trust claims
- Self-Directed IRA
Over the years, clients have come to us because they know they’ve lost money but were not sure how it happened. Perhaps you, too, are in such a situation. Don’t take your advisors word for it. We’ll help you know your rights. If you don’t have a case, we won’t sugarcoat it. We’ll tell you the truth.
But you need to act fast. If you don’t, you may not be able to legally recover anything.
As securities fraud lawyers, most of our clients are between 60 and 80 years old, are five or more years into retirement and do not have a college education. Some worked for Eli Lilly. Many have pension funds and now have cash they don’t know what to do with, partly because they have never handled their own investments.
With money in hand and a very trusting heart, these clients went to a broker for the first time. Brokers often put their clients into investments that make money for themselves. The clients think they are getting one investment, but they are really getting another.
They don’t understand their statements, and if they do, they call their broker anyway. The broker’s advice? Don’t worry about the investments because values continuously go up and down, and over the long term, they will go up.
But the investments keep losing value.
When the investments are all but gone, panic sets in. Embarrassed investors blame themselves, thinking they can’t believe they were so stupid. Initially they do not tell their kids about their plight, but they eventually do. With no real help from searching on the Internet, they call Starr Austen & Miller LLP — when they have all but lost it all.
As securities fraud attorneys, we’re here for you.