Sarasota Deceptive Business Practices Lawyer

Feeling Defenseless Against Fraud?

Many ordinary investors find the securities industry extremely complex. Therefore, if your broker or a financial representative presents you with a seemingly good investment deal, you may not have the wherewithal to know that it is too risky or that it is actually a case of securities fraud.

If you or someone you know has been the victim of a deceptive investment practice or securities fraud, contact attorney Andre Perron, who is a certified business litigation specialist by the Florida Bar and also has a master of law degree in banking studies. He will help you recover your money and hold fraudulent traders to account.

Scammers use many persuasion tactics to secure investors, such as playing the role of a helpless individual to encourage your sympathy, or bombarding you with official-sounding statistics and facts to try and build their credibility in your eyes. Don't give them the opportunity. Instead, take action to protect your right to privacy against unwanted callers or sales pitches.

Common Investment Scams

Unfortunately, the elderly are often targets for investment scammers, but even financially savvy people can fall victim to their highly sophisticated tactics. Mr. Perron represents clients throughout Southwest Florida who have been victims of:

•  "Selling away" - when a broker sells you stock that he or she is not authorized to sell, or you purchase
    shares in a company that doesn't exist
•  Ponzi schemes - fraudulent investments which pay returns from your own money or money paid by
    subsequent investors instead of actual profit earned on the investment
•  Pyramid schemes - similar to Ponzi schemes, investments where returns are only given when
    participants recruit new members; typically, the product or company invested in does not even exist
•  Affinity scams - where a con-artist infiltrates a social, religious, charity or similar groups to lure
    them into a Ponzi scheme or other type of financial fraud
•  Forex scams - where a broker sells investors' positions in the highly volatile and risky foreign
    exchange market without proper disclosures or warnings
•  Non-disclosure - often the single biggest scam performed by brokers, non-disclosure means the
    broker sells you (the investor) a product without disclosing its market risk, suitability for your age,
    objectives or financial condition
•  Churning - when a broker buys and sells securities in your account to generate more commissions
    for the benefit of himself or herself, not you as the investor
•  High-yield investment programs (HYIPs) - often unregistered/unsecured investment programs
    that promise "guaranteed" returns that are "risk free"; they typically promise annual, monthly or even
    daily returns at 30-40 percent
•  Pump-and-dump schemes - scams in which promoters boost stock prices by giving false or
    misleading statements about the company or product's success (pump), and then quickly sell all
    their own shares to the market at high profit (dump)

Learn more about common investment scams and the tactics scammers use to exploit individuals, especially the elderly.

Fraudulent financial representatives know that you probably don't understand the securities industry well enough to know what they are up to. They may use complex, technical-sounding language and give vague details when questioned more closely about the nature of the investment or references.

Mr. Perron will answer your questions upfront and identify options to pursue legal justice against scammers. He works with qualified securities and financial experts and forensic professionals with proven track records to help you recover your financial losses.

Contact a Bradenton Business Misrepresentation Attorney

You don't have to be a victim of securities fraud. Contact Andre Perron, an experienced Florida trial lawyer who can help you recover your losses and seek justice against investment scams. Call 941-827-2228 to discuss your case today.