Alaska Securities Arbitration & Litigation Lawyers
Gana LLP practices securities arbitration within the State of Alaska. We represent investors in Anchorage, Juneau and various other cities and towns around the state. Also known as the Last Frontier, Alaska is one of the largest states in the Union by size and one of the smallest by population. Even still, some financial advisers take advantage of unsuspecting investors. Education about securities is imperative to protect the money investors spend a lifetime saving.
Investor losses stem from many different sources. Sometimes, brokers sell unsuitable investment products to investors given the financial profile of the investor. If an investor is not informed about the risks associated with these products, the broker may be liable to the investor for making unsuitable recommendations and for materially misleading the investor. Other times, broker-dealers and investment advisers take control of client accounts and sell securities excessively to generate fees – this unlawful conduct is known as churning.
Remember, Alaskan investors are protected by both federal and state laws and also by industry rules that prohibit brokers from engaging in fraud, churning, unsuitable sales, unauthorized trading, and other forms of misconduct. Below are useful links and resources covering some of the investor protections available in the State of Alaska.
The Department of Commerce, banking and Economic Development – Banking and Securities Division regulates securities in Alaska. Both federal law the Alaska Securities Act protect Alaskan investors. The Alaska Securities Act is administered by the Division of Banking, Securities and Corporations, a division of the Department of Commerce, Community, and Economic Development. The Act contains four major parts: 1. The antifraud provisions that require a seller of securities to disclose material information to prospective investors; 2. The registration and notice of securities industry professionals (brokerage firms, securities salespersons, investments advisory firms, and investment adviser representatives); 3. The registration and notice of securities which will be publicly offered to investors; and 4. Exemptions from the securities registration and notice provisions (although some exemptions require notices to be filed).
FINRA regulates broker-dealers within the United States. FINRA and the Securities and Exchange Commission (SEC) enforce securities laws. However, private attorneys, like the attorneys at Gana LLP, help investors recover capital through private arbitration and litigation.
To learn more about securities topics please visit our Securities Arbitration & Litigation page.