Welcome to the Pennsylvania Stock Fraud Lawyers website of Munley, Munley, & Cartwright, P.C., Attorneys at Law. We have
offices conveniently located in Stroudsburg, Carbondale, Hamlin,
Hazleton, Scranton, and Wilkes-Barre, PA. We have the benefit of
the local presence and knowledge of the legal communities where
our claims are litigated. Our firm has built a quality
reputation based on over 40 years of legal practice in the
courts of Lackawana, Monroe, Schuylkill, Wayne, Luzerne, and
Wyoming counties. Our goal is to provide exceptional legal
services to our clients.
Federal officials estimate that investment fraud costs American
taxpayers billions of dollars each year. Pennsylvania Stock
Fraud lawyers represent investors who have been victimized by
stock broker, investment advisor or financial planner
misconduct. Most people understandably place their trust in
investment professionals so when a broker's or advisor's
practices are questionable, it is wise to determine if your
legal rights have been violated. We have extensive experience
trying and settling unauthorized trade and securities fraud
lawsuits.
Munley, Munley & Cartwright's Stock Fraud lawyers will evaluate
your case thoroughly and explore all potential sources of
recovery. We will help you decide your best course of action and
we will develop the best legal strategy for demonstrating your
claim.
Some examples of broker-related stock fraud:
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Misrepresentation/Omission: disguises risk factors associated
with that particular stock; the broker intentionally misleads
the customer about material facts regarding the stock.
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Unsuitability: the broker recommends stocks that are outside
the client’s risk tolerance, unsuitable matches allow the
broker to push undesirable stocks; this results in losses much
higher than the client can bear.
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Over-concentration: strips the client of the protection
diversification can afford; failure to diversify a client’s
portfolio can be a form of stock fraud.
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Churning: requires a large numbers of transactions; often this
form of stock fraud consists of selling stocks with small
gains in order to show a profit this in turn creates
additional broker’s fees.
Claims relating to losses not subject to arbitration can be
brought to court, and this is often the preferable forum. Most
arbitrations are conducted by the National Association of
Securities Dealers, Inc. (NASD) and the New York Stock Exchange
(NYSE). There is little difference between the two, but an
attorney can help you decide which scenario works more to your
advantage.
The arbitration process can take from six months to a year from
the time of filing to completion, and consists of the following
phases:
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A Statement of Claim is filed with the NASD or the
NYSE, setting forth the claims one (the Claimant) has against
the broker and/or brokerage firm (the Respondents).
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A response, provided by the broker and/or firm.
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Discovery, in which both sides may request documents
deemed relevant to the dispute.
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The hearing, where the parties present their respective
sides of the dispute to the arbitration panel. The panel is
usually composed of three individuals, two of whom are public
arbitrators not affiliated with the securities industry and
one who is affiliated.
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Determination by the panel whether the Claimant should
be reimbursed for the losses sustained and/or recover
additional damages.
Munley, Munley & Cartwright’s lawyers have the right
combination of in-depth knowledge of investment misconduct,
arbitration, and expertise in victims’ rights to structure the
most successful claims for our clients. Call 1-800-318-LAW1 to
speak to a Munley, Munley & Cartwright Stock Fraud lawyer today
or use our contact form.
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