We trust financial brokers, advisors and institutions with our hard-earned money and life savings. We count on them to follow the rules, and we certainly don’t expect them to steal from us our cause us harm by negligence or misconduct.

Unfortunately, regular people can sometimes be victims of fraud or wrongdoing by brokers or advisors who take advantage of people’s ignorance of complex financial markets, securities exchanges, or fiduciary obligations.

John Taylor is an experienced financial fraud attorney who knows how to obtain justice and recover compensation for wrongs committed by financial advisors and brokers. In certain cases, victims of fraud may be able to recover punitive damages for their claims. There is also a law called the North Carolina Unfair and Deceptive Trade Practices Act that allows for recovery of “treble” or triple damages and cost and attorney fees by claimants in certain situations.

Examples of financial fraud and other claims against financial professionals include:

• Investment fraud or broker/advisor wrongdoing

• Phony or fraudulent charities or investments

• Misappropriation of account funds

• Trustee fraud and breach of fiduciary duty by trustees

• Fraud against non-profits or charitable organizations

• Unfair and deceptive trade practices

• Negligent conduct by brokers or financial advisors

• Unsuitable or overly risky investments

• Insider trading

• Excessive and unnecessary trading, also known as “churning”

North Carolina FIRNA Attorney

Sometimes claims against financial professionals and banks are litigated in a special type of proceeding known as a “FINRA Arbitration.” FINRA refers to an arbitration proceeding administered by the Financial Industry Regulatory Authority (FINRA), which is a self-regulatory organization that oversees the brokerage industry in the United States.

FINRA cases typically involve disputes between investors, brokerage firms, financial advisors, and other market participants. These cases can cover a wide range of issues. Arbitration is typically used instead of traditional court litigation and provides a forum for parties to present their cases before a panel of impartial arbitrators. FINRA cases are subject to specific rules and procedures established by FINRA. These rules govern the arbitration process, including the selection of arbitrators, discovery procedures, and evidentiary rules.

If you are involved in a dispute with a brokerage firm or a financial advisor, you should consult with an attorney experienced in securities law or FINRA arbitration to understand your rights, navigate the process, and advocate on your behalf. The North Carolina FINRA attorney at John Taylor Law Firm knows how to handle FINRA claims, as well as litigation against banks and brokers in the traditional state or federal court forum. Contact our firm today for a free consultation.