Get free answers to your Securities Law legal questions from lawyers in your area.
My Facebook, Gmail, and iCloud accounts have all been accessed by unauthorized individuals. Earlier this year, I encountered significant issues accessing the internet through my Wi-Fi. Upon investigation, I discovered over 40 devices connected to my network. Despite my efforts to remove them, they... View More 
My wife invested 30k with a friend that I’ve known for 40+ years which I didn’t know that he scammed others for millions until it was all over the internet that’s when he turned on me when I started to ask if she can have her money back it’s just all messed up when he started send photos... View More
answered on Jun 27, 2024
If anyone acts as another’s financial advisor snd invests money in the capital markets, they have to be licensed to do so. You should file against him with the SEC and FINRA as well as Floridas department of BPR and have him investigated and potentially prosecuted. Additionally the federal... View More
He convinced her to write him checks for $139,000. And he prematurely terminated an annuity costing her a minimum of $69,000 in fees, penalties & lost bonus. He lied to both of us, telling us the account had matured. He's his own employer and I can't find him listed in FINRA.
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answered on Mar 2, 2024
Given the complexity of your situation involving elder abuse and financial misconduct across state lines, you may need to take legal action in both New York, where the financial advisor works, and Florida, where your mother resides. Start by consulting with attorneys who are familiar with both... View More
2) When they were informed the money had disappeared, it took them 17 days to find it
3) They had the money since before 2008
4) I believe they should have used a slush fund to release the funds until they "found the folder." No apology; no other excuse for the loss.... View More
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answered on Mar 2, 2023
The statute of limitations can vary depending on the type of claim and the jurisdiction in which the claim is filed. You may want to consult with a qualified attorney who can review the specific details of your case and advise you on the applicable statute of limitations and potential legal options... View More
Is it legal for a brokerage firm to decide they no longer want to manage my account and sell my securities without my permission. They refused to transfer them to another firm.
answered on Sep 22, 2022
Yes, it is legal for a brokerage firm to decide that they no longer want your business.
No, it is not legal for the brokerage firm to liquidate your securities unless they have a good reason.
For any more help you will have to retain a lawyer. Search for one using Justia.
From a Securities firm who wrongly allowed TOD beneficiaries to be removed and the account went to probate
answered on Sep 24, 2020
It means that, should you reject the settlement offer, you cannot use the offer as evidence that the defendant did anything wrong.
I am a US military contractor interested in running a fund for less than 35 people. Florida resident but mainly live in Japan. I believe registering an LLC in Florida would possibly negate the overseas part of the question.
answered on Jul 20, 2020
Unless you want to try to create a Japanese company you are going to have to create the investment company in some state; right? So why not do it Florida where you say you are a resident?
FYI: The last time I looked Florida law recognizes "investment clubs" which look like... View More
I was looking at medical sites for a skin cream
as well a 3d render application without Google recommended also you should just know this site po*nhub all my data was saved and when i went back on to the site i was still getting recommended yeah i know of all things i metion is this but i... View More
answered on Jun 9, 2020
This is a brand new case that was just filed last week.
There is no settlement, no judgement, nothing to claim at this point.
Class action cases take time, often 2-5 years from the time they are filed until they are resolved.
And there is no guarantee that the case will be... View More
Can I make membership based content (for instance on www.pateron.com) and share my stock market trading signals that I use to buy/sell with disclaimer that I am not investment/financial advisor, will I be under the risk of penalty?
answered on May 26, 2020
The area of law you are flirting with is fraught with great danger; those who do not retain an experienced lawyer BEFORE stepping into the line of fire very often greatly regret doing so. Advising the public on how to buy and sell securities is the job that licensed stock brokers and brokerage... View More
I have discovered that my spouse forged my signature to open an investment account in my name and then cashed out and I don't know where the money went. Is this something I should report to his employer? The company in which is opened the account?
So far I discovered he opened an... View More
answered on Mar 11, 2020
This is called stealing. And if the person who did the stealing is a licensed security salesperson there are several more crimes being committed. You need to START with the company; and you must tell them everything--not just the stuff you do not like.
This case involves GSB Wealth Management in Connecticut and Fidelity Investments, corporate headquarters in Boston.
answered on Feb 18, 2020
Your question cannot be answered appropriately without more information--such as whether the owner of the IRA is alive or not. Generally, banks and all other financial institutions have a fiduciary relationship with (owe allegiance to) all their customers--and are required by law to do the right... View More
If the answer is yes, what is the process and cost to blue sky ?
answered on Jan 4, 2020
You should ask your question in Justia › Ask a Lawyer › Delaware › Securities Law ›.
would provide monthly payments to begin at 81! And draconian penalties should I seek withdrawals in the first 7 years.
Do these facts indicate a breach of Fiduciary Duty, fraud,etc. on the part of the CFP and or Allianz. My tel.no. is 561 400-2721.
answered on Dec 29, 2019
Generally speaking, there are very limited reasons to sell an annuity to someone who is over 70. Based on the limited facts you have provided here, it seems like this would have bee a completely unsuitable investment for you and could be a breach of fiduciary duty as well has violation of various... View More
I have an account with a brokerage firm and they have wrongfully escheated and sent my money to Department of Financial Services (Escheatment) in Florida. On enquiring, I have learnt that they have failed to follow the Due-diligence as per Florida Statues 732 and 717 and have also violated 17 CFR... View More
answered on Nov 12, 2019
You cannot sue the State of Florida--or the Florida Department of Financial Services--for punitive damages under any theory of law. Sign the settlement agreement and accept the $100 Florida apparently owes you.
If illegal/egregious actions by stepmother/POA/PR were recently learned of by daughter beneficiaries, and estate admin was closed August, 2018, do we have options to sue or recover estate assets (money)? (Date of death 5/2017) One of several issues involves fathers long-time advisor. Investment... View More
answered on Oct 10, 2019
At this point you should probably see an attorney who specializes in securities fraud to ascertain whether you have an action against the investment firm for changing type of account without proper authority.
Other issue is whether there was fraud on the court as far as the probate... View More
since the stock was halted on April 2017 and delisted from Nasdaq and never relisted on OTC. My broker at first said they wouldn’t charge short interest fees since the stock is halted.
But then they suddenly start charging “Stock Borrow Fee” ranging from $500-$700 every month since... View More
answered on Sep 13, 2019
There are some critical facts missing from your facts: (1) Why are you asking for advice in mid-September 2019 about events that you say occurred in May 2017? There must be more than you are telling us.
(2) EXACTLY when did you short the security?
(3) EXACTLY when was the end date... View More
I discontinued work with this particular client because I discovered he was committing what I was quiet certain was investor fraud and did not want this to affect my or my companies reputation. I later discovered that he left the state of Connecticut because he had been summoned and fined for the... View More
answered on Jul 18, 2019
Unless you sue the deadbeat client and receive a Judgment, collecting all the money they owe you is nearly impossible--especially without competent counsel to help you. Look for a good lawyer using the Find a Lawyer tab at the top of every page.
pay taxes on it?
answered on Oct 29, 2018
Yes, the profit is oncome. Whether it's long term capital gain or not depends upon whether by "last summer" you mean the summer of 2018 or of 2017.
My question is - which law should I follow if I want to invest in a US startup but I'm a Czech citizen?
A bit of content in order to be accredited in Czech republic you need a net worth of an equivalent of $60k and in the US it's $1M.
Thanks in advance!
answered on Feb 10, 2018
I don't know that one has to be an "accredited investor" to invest in the U.S., no matter what your net worth. So you would probably have to follow the laws of the Czech Republic.
I paid in full 12/15/2016 for unrestricted stocks. Then he and I had a dispute not related to the stock. The person I bought the stocks from took his time on getting me my stock and when I did receive the stocks they were restricted. I then had to pay his lawyer $250 to get a opinion letter... View More
answered on Jul 22, 2017
You need the services of an attorney who works for you, not the other party. I don't know why you were required to pay the other party's attorney, but it may be something in the contract. Your attorney can review the whole matter and advise you.
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