Stock Fraud Texas

The new prevalence of stock fraud

The recent rash of stock fraud allegations has seen a great deal of coverage in the financial reporting of the last few years. Sometimes the coverage deals with large investors who commit securities fraud by using inside information to buy or sell large amounts of stock. But these days, more and more stories are emerging that demonstrate how smaller individual investors and institutional investors, like pension funds, are suffering needless damages and losses through mismanagement of mutual funds and stock fraud.

Have you been affected by stock fraud?

Individual investors understand that involvement in the stock market means financial risk. However, when placing money in mutual funds, or working through a stock analyst or broker, investors assume a level of trust that the financial professionals will maintain stewardship over the money, and work to protect it. If you discover that your mutual funds or other investments have not seen this appropriate level of management, you may feel that you are a victim of stock fraud.

Consulting with an attorney

There are definite factors that determine whether fraud has actually taken place. One way to assess your situation is to consult with an attorney who has significant experience in the area of financial investments. A securities attorney can review the facts in your case, and help you to determine what your course of action should be.

One of the leading plaintiff securities arbitration firms in the country is Zamansky & Associates, New York. Headed by Jacob H. Zamansky, the firm represents individual and institutional investors in arbitration claims against major Wall Street firms. In addition to handling claims and disputes regarding stock analyst research, the firm also helps clients pursue arbitration in matters of suitability, churning, mutual funds, and other financial industry disputes.

Finding an attorney with the right experience

In matters of legal representation, experience matters. Mr. Zamansky has over 26 years of litigation experience gained at private law firms (including Skadden Arps) and as a federal prosecutor (FTC).

Recently, Mr. Zamansky has received worldwide recognition for his landmark case against Merrill Lynch on behalf of a New York pediatrician who claimed that he was misled by the stock research of the former superstar Merrill Lynch Analyst Henry Blodget. The successful resolution of the case led to worldwide recognition of Mr. Zamansky's work and to the conflicts of interest investigation by New York Attorney General Elliot Spitzer, which resulted in a $1.4 billion Global Wall Street settlement.

Mr. Zamansky has been a frequent commentator and "source" on CNBC, CNN, National Network News and FOX Business News and has been quoted for publication in virtually every financial and legal publication including The Wall Street Journal, New York Times, Money Magazine, The New Yorker, Business Week and Fortune Magazine. As such, he represents the "voice of the individual investor."

"Suitability" requires the broker to "know your customer" and "know your security." In other words, a broker has an obligation to make sure that the securities recommended to the customer are consistent with the customer's "investment objective" and "risk tolerance." The broker's obligation to "know your security" requires the broker to have a reasonable basis of fact upon which to recommend the security to the customer.

If you suspect financial negligence and the mishandling of assets, contact Zamansky & Associates to receive the highest level of expertise and commitment.

More about Zamansky & Associates.

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