Investor Defense Law – Seattle Office
701 Fifth Ave, Suite 4200
Seattle, WA 98104
When you hire financial planners or advisors, they have a legal obligation to you to act in a way that keeps your financial situation in mind. Financial planners who advise you to invest your money in negligent ways or who intentionally deceive you for their own gain are guilty of investment fraud, which is punishable under the law. If you have put your trust in a financial advisor or planner in Seattle who has intentionally or irresponsibly misguided you, causing you to receive substantial economic losses, take action and contact Investor Defense Law, LLP today. We take on scamming and unscrupulous financial advisors as your premier Seattle investment fraud attorneys.
Who Is Guilty of Fraud
There are several types of people that may be responsible for financial and investment fraud and who may be held accountable for misleading information that costs you your fortune. Among these includes any of the following:
- Investment advisors
- Unlicensed financial planners
- Stock brokers or dealers
- Insurance companies
We have expertise in bringing claims against individuals or institutions in Seattle that have tried to rob you or purposefully intend for you to lose your money. With litigation experience in both in state and federal court systems, we hold these responsible parties accountable and secure your losses and rights as an investor.
Types of Fraudulent Investments
Investment fraud and negligible investment advice occur in many different ways. One of the most common types of fraud is when an advisor suggests to their client to pursue an investment that is inherently risky without disclosing all of the potential downfalls if the investment doesn’t work. The advisor will then charge astronomically high fees or commissions for the advice and the investor loses their money, sometimes entire life savings or fortunes. You can spot these types of fraud and bring the advisor to justice by recognizing the types of high-risk investments they suggest for large fees, including – but not limited to – the following:
- Junk bonds
- Penny stocks
- Unregistered securities
- Complex insurance products, such as annuities
- Foreign stocks or bonds
- Alternative investments with no proven track records of success
If your financial advisor suggests any of these high-risk investments at a high cost and/or is not accredited as a financial planner, be on the lookout for fraud. If you have already fallen victim to investment mal-information in Seattle, be sure to call us quickly. There is a limited window where investment fraud action can be taken, and you deserve to be compensated for your losses due to their deceit.
More Type of Investment Fraud
The example above in one of the most common examples of investment fraud, but there are many more which we have handled and brought to court on criminal charges. The list of investment fraud tactics includes the following (but is certainly not limited to them):
- Over-concentrated portfolios
- Over-abundance of or unauthorized trading
- Private placements
- Investment in Ponzi Schemes
- Fallacious claims or statements
Any of these qualify as potential investment fraud schemes. The more you know about them, the better you will be able to detect them and the faster you will be able to come to us when you suspect the advisor is not looking out for your best interests.
Getting Help for Your Investment Fraud Claim
Remember that some investments are inherently riskier than others, and even considerably safer investments may fail, despite the honesty and integrity of your financial planner. Investment fraud happens, however, when a financial advisor either takes advantage of you, is negligent with your investment, or robs you with fake advice or fake credentials. If you have lost significant amounts of money in an investment, whether you are positive or unsure that the loss was due to fraud, you should still contact us as your investment fraud attorneys in Seattle for a consultation where we can evaluate your claim and determine if you have a case.