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When you hire a stockbroker fraud lawyer to help you recover fraudulent investment losses, your lawyer will use evidence from several sources to prove your legal rights. One of these sources will likely be an expert witness. Expert witnesses often play a key role in stockbroker fraud cases, and, as an investor, understanding how an expert witness can help with your case can be important for making informed decisions about your next steps.

What Does an Expert Witness Do?

In stockbroker fraud cases, the role of an expert witness is to analyze and explain the complex issues involved. While your lawyer can present the evidence and make legal arguments on your behalf, your lawyer cannot serve as a source of evidence directly. Instead, your lawyer must rely on witnesses—including expert witnesses—to provide the information that arbitrators or jurors need to render a decision in your favor.

How an Expert Witness Can Help with Your Stockbroker Fraud Case

When it comes to proving stockbroker fraud, there are several types of evidence that an experienced expert witness should be able to provide—depending, of course, on the facts of your case. For example, an expert witness may be able to write a report and provide testimony covering issues such as:  

  • Whether Your Stockbroker Conducted Adequate Due Diligence – Stockbrokers have a legal duty to provide informed investment recommendations. Among other things, this means that they must conduct adequate due diligence. A qualified expert witness will be able to state whether your stockbroker’s due diligence efforts were adequate.
  • Whether Your Stockbroker Misrepresented or Withheld Information That Would Be Material to Investment Decision–Making – Many stockbroker fraud cases are based on the misrepresentation or omission of material information. If your stockbroker failed to provide you with complete and accurate information, a qualified expert witness can confirm that this information would have been material to your decision to invest.
  • Whether Your Stockbroker Executed a Suitable Investment Strategy and Acted in Your Best Interests – Stockbrokers also have a legal duty to provide suitable investment recommendations and act in their clients’ best interests. A qualified expert witness can explain these standards and show how your stockbroker failed to meet them.
  • How Your Stockbroker Used Your Funds and Securities – If your stockbroker made improper use of the funds or securities in your portfolio, a qualified expert witness can use financial forensics to show exactly where your funds or securities went without your knowledge and approval.
  • The Total Financial Losses You Suffered As a Result of Your Broker’s Fraudulent Conduct – A qualified expert witness can also assist with calculating and demonstrating the total losses you suffered as a result of your broker’s fraudulent conduct. Along with proving your broker’s liability, proving how much you are entitled to recover is a key step on the road to recovering just compensation.

Learn More from a Stockbroker Fraud Lawyer at Zamansky LLC

Do you need to know more about pursuing a claim for stockbroker fraud? If so, we encourage you to contact us promptly. To speak with a stockbroker fraud lawyer at Zamansky LLC in confidence as soon as possible, call 212-742-1414 or request a free consultation online now.

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“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
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