If you’ve been defrauded out of your hard-earned money by someone pretending to be an investment or financial expert, you’re probably feeling pretty down about yourself and the world in general. However, getting swindled by a fraudster doesn’t mean that your life has to be over. In fact, there may be some legal recourse available if you were the victim of investment fraud! If you think that you might need an investment fraud lawyer to help you recover from this terrible incident, consider the following five reasons why you may want to call one today!
Not all bad investments are fraudulent
If you’ve lost money on a stock, bond or real estate investment, you may be considering whether you were defrauded. Not all bad investments are fraudulent; some of them just didn’t work out as planned. However, if your investment was part of a Ponzi scheme, in which money from new investors is used to pay off old investors, then it is likely that your deal has been scammed by someone involved in running it.
How do you know if you were defrauded?
Lying and deceit are typically integral parts of fraud, so if you’re uncertain whether you were swindled, you may have been. Some signs that a financial advisor may be taking advantage of you include being charged high fees for basic investment services, being encouraged to take out loans or other forms of credit to invest with a specific broker or having your portfolio managed by someone who isn’t properly licensed to do so.
What should you do if you think you were defrauded?
If you think that you may have been defrauded, contact your state’s securities regulator or lawyer. They can help determine if what happened to you qualifies as investment fraud and they can tell you how to file a complaint with them.
Where can you find investment fraud attorneys?
The internet is a rich resource for locating attorneys in general, but if you are looking for specific types of lawyers, it may be more difficult. If you live in a large city like Atlanta or New York City, you will probably have more options available to you; however, for people living in smaller cities or towns, finding legal help might be a bit more difficult. Instead of searching online yourself, ask friends and family members if they know any lawyers specializing in investment fraud law.
What Should You Do Next?
An investment fraud attorney can help you regain your financial stability. If you’ve been defrauded by your trusted broker, or if your investments were sold without your consent, contact a personal injury attorney to discuss what options are available to you. Your lawyer will analyze the details of your case and determine how best to proceed with a potential lawsuit against whoever wronged you.