Nevada Investment Fraud Lawyer

Do you suspect you have fallen victim to investment fraud in the state of Nevada? These situations can be accompanied by overwhelming feelings of stress and frustration, and a Nevada investment fraud lawyer can help you navigate the complicated legal process ahead should you wish to recover financial compensation for the losses you have endured. Both individuals and corporations can fall victim to this kind of fraud, and an attorney can protect your legal interests.

Being the victim of investment fraud is unfortunately quite common and you do not need to feel guilty about becoming a victim. The attorneys at Rosenberger + Kawabata have worked closely with countless victims over the years to recover losses suffered due to the fraudulent and deceptive practices of broker-dealers, brokerage firms, investment firms, banking institutions, and investment advisors. We know how to hold these parties liable and are ready to do so for you.

What Is Investment Fraud in Nevada?

In Nevada, investment fraud, otherwise known as securities fraud, is a term that encompasses a wide variety of fraudulent schemes that involve investments and can result in a significant loss of financials for the victims of these schemes. These schemes typically involve practices that manipulate investors into making decisions that can lead to their own financial damage, but they can benefit the individual or firm that has lured investors into making these decisions.

Individual brokers or firms may push new or high-reward investment opportunities to their clients in order to benefit from high commissions themselves, ignoring whether the investment is actually in the interest of the investor. Typically, these investment opportunities can hide highly excessive trading and great risk. In Nevada, the most common kinds of investment or securities fraud can include the following:

• Churning: This type of securities fraud occurs when a broker-dealer or advisor takes part in excessive trading, or the buying and selling of investments, in order to generate high commissions for themselves. If you find that you are receiving an excessive amount of trade confirmations or if your statements are long, you may be the victim of churning.
• Overconcentration: Otherwise known as a failure to diversify, some broker-dealers can put too many of your investments into a single stock, limited partnership, or private placement in order to earn a high commission, but it can often lead to suffering large losses.
• Theft: Despite steps taken by firms to guard against this, unethical broker-dealers or advisors may find a way to steal money from investors. This can include cases in which a broker creates fake statements and steals money from your investments, leading to large losses for you.
• Misrepresentation and Omissions: A broker or advisor is obligated to provide you with all the facts related to your investments, both positive and negative. This does not always happen, and a broker may only tell you what they know you want to hear. This can cause them to leave out information regarding risky investment situations, which can, in turn, lead to losses.
• Unsuitable Investments: This is the most common form of investment abuse or fraud, as what might be suitable for a younger investor might not fit the same background as an older individual. Brokers have a duty of care to their clients to make investment recommendations that are suitable according to the client’s age, health, and level of financial standing.
• Unauthorized Trading: A broker is required to receive your permission in writing to make any purchase or sale in your account that you have granted. If they do not have your consent to make a sale or trade, they could be held liable for any financial losses.
• Failure to Supervise: Registered brokerage firms in Nevada are required to supervise their employees and any failure to do so could result in various legal claims, especially when those employees are taking part in schemes of investment or securities fraud.
• Ponzi Schemes: In Nevada, a Ponzi scheme typically occurs when an investment advisor gets a client’s investment involved in an opportunity which promises high rewards over a short period of time, but actually pays that investor with money taken from other subsequent investors. Not only can this cause the original investor to lose money, it is also illegal and considered a crime.

If you find that you have been the victim of any of these kinds of investment or securities fraud in the state of Nevada, you need legal counsel and representation that can assist you in a claim to recover any damages you might have suffered.

Rosenberger + Kawabata: Defending You in Cases of Investment Fraud in Nevada

While many investment losses can simply be due to the volatility of the financial markets, there are brokers out there who commit fraud every day, causing their clients to suffer unnecessary losses. These individuals should be legally held responsible for their deceptive and predatory behavior, and the attorneys at Rosenberger + Kawabata can help. We can work to help you recover your financial losses by taking the following steps in your case:

• Reviewing Your Case: If you suspect you have been the victim of securities fraud, it is important that you have an attorney review and assess your case. The team at Rosenberger + Kawabata can evaluate the details of your case and determine if you indeed have a strong case against any fraudulent brokers or advisors. We can examine evidence such as financial records and communications with your advisor.
• Taking Necessary Legal Action to Recover Losses: If you have been the victim of investment fraud in Nevada, you need to take legal action to hold the liable parties accountable and recover your losses. The team at Rosenberger + Kawabata can help you do this by assessing the validity of your case, gathering evidence to prove your claim, and representing you in court should the need arise.
• Representing You and Your Interests: We can handle all negotiations with the parties involved in your investment fraud case in order to reach a fair settlement and desired outcome. However, if this is not possible through amicable negotiations, we have the ability and experience necessary to take your case to court.

Signs You May Be the Victim of Investment Fraud

There are several signs that you may be the victim of investment fraud. Knowing these signs could save you from making a similar honest mistake later down the road and could allow you to educate your friends and family so that they do not find themselves in a fraudulent situation. The most common warning signs of being a victim of investment or securities fraud include:

• Advisors claiming assurances of no risk or minimal risk when it comes to certain investments
• An advisor promising extremely high profits quickly
• An advisor not answering your questions, not communicating, or being unavailable
• An advisor claiming that your investment does not actually have to be registered
• An advisor avoids describing an investment to you in detail when asked
• An advisor taking part in unprofessional or unbusinesslike conduct
• An advisor promising insider information

If you have experienced any of those red flags of investment fraud, it is time to contact the attorneys at Rosenberger + Kawabata to recover any financial losses.

What Can You Do If You Are a Victim of Investment Fraud?

If you suspect that you are the victim of investment fraud, you need to take action immediately. First, begin by gathering any documentation pertaining to your potential claim. This can include account statements or any kind of communication you have with your advisor, broker, or investment firm. Then, you will want to reach out to an attorney who has the experience necessary to help you handle this claim and the legal complexities that will accompany it.

What Is the Investment Fraud Statute of Limitations in Nevada?

In cases of criminal securities fraud, there is a statute of limitations placed on the filing of these claims of four years. This means you have four years from the discovery of the securities or investment fraud to file a claim against the firm or individual who has committed the deception when it comes to your investments; otherwise, your claim may be deemed invalid.

How Do You Prove Investment Fraud?

To prove that you have suffered investment fraud, you will need to show that you have suffered financial damages or the loss of money due to the investment decision that was made, relied on misrepresentation or false information from a financial advisor or broker-dealer when making this investment and that this financial advisor or broker-dealer should have known that the information given to you was false or fraudulent.

Speak with a Trusted Securities Lawyer Today

If you have suffered investment losses due to the negligence or wrongdoing of an investment professional or firm, you may be entitled to file a claim to recover your losses. At Rosenberger + Kawabata, we are ready and prepared to assist you in doing just that. With our experience, we can work to hold these fraudulent parties accountable for their actions and do everything in our power to ensure you recover the maximum amount of damages possible. Contact us today.