Connecticut Securities Attorneys
The Connecticut securities attorneys at the law offices of Gana Weinstein LLP practice securities arbitration within the State of Connecticut. Most of our cases are arbitrated through The Financial Industry Regulatory Authority (FINRA). We represent investors throughout Connecticut including Hartford (where most FINRA arbitrations are heard in the state), New Haven, Greenwich, Fairfield, West Haven, Bridgeport, Waterbury, Meriden, Norwalk, Stamford, New Britain, Danbury, Bristol, West Hartford, Manchester, and Hamden.
Generally, clients will lose large sums of money and not understand why they lost their money. Many clients have unanswered questions about their accounts and have many unanswered questions. In addition, many clients are dismayed that their broker recommended such risky and speculative investments in the first place.
Securities misconduct comes in many different forms and no two cases are exactly alike. Our Connecticut investment fraud attorneys handle a variety of claims in our FINRA arbitrations. Sometimes, brokers buy and sell securities excessively for the purpose of generating commissions – this conduct is known as churning. Other times, brokers’ sell novel investment products so that the broker can change a large commission for the sale regardless of the investor's willingness or ability to withstand risk.
The most common claim our Connecticut securities attorneys see is the sale of unsuitable investments to investors. All investment recommendations must be reasonably designed to be suitable for the recipient of the recommendation, or the investor. The broker must take into consideration the client’s age, level of sophistication, net worth, tax bracket, investment objective and risk tolerance. If given those factors, the investment is unsuitable, an investor can sue the broker or the broker’s employer for making unsuitable investment recommendations.
Our Connecticut securities attorneys have also handled many cases related to Ponzi schemes. Ponzi schemes are a type fraud where investors are convenience to invest in an investment that does not exist and is lured to continue investing by the payment of “income” from new investors to old. These types of cases are prominent in Connecticut and all of over the United States.
Investors in Connecticut are protected not only by legislative statutes, both state and federal, but also by industry rules that prohibit brokers from engaging in churning, unauthorized trading, fraud, unsuitable sales, and other forms of misconduct. Below are useful links and resources covering some of the investor protections available in the State of Connecticut.
- The Securities and Business Investment Division of the Connecticut Department of Banking - regulates securities in Connecticut. The Securities and Business Investments Division is responsible for: 1) registering securities and business offerings sold from or to Connecticut residents; 2) licensing and registering investment advisors, agents, and broker-dealers, who transact business within the State of Connecticut; 3) conducting on-site examinations of investment advisers and broker-dealers; and 4) enforcing the laws of Connecticut, including the Connecticut Business Opportunity Investment Act, the Connecticut Uniform Securities Act, and the Connecticut Tender Offer Act.
- FINRA - regulates and overseas all broker-dealers in the United States. FINRA, in conjunction with the Securities and Exchange Commission (SEC) also creates and enforces the securities laws.
The lawyers at Gana Weinstein LLP can help you determine if your investment losses were the result of normal market forces or misconduct by Wall Street. We apply a detailed forensic approach to understanding your investments and apply the appropriate law to advance your causes.
Many clients attempt to rely on regulators to return their funds. However, investors are rarely reimbursed by securities regulators as a result of enforcement actions against brokerage firms. A study of seventy-five SEC cases revealed that the SEC only distributed 13% of enforcement action proceeds to investors. An investor’s best chance for recovery is to hire an attorney to pursue a claim on their behalf.
To learn more about securities topics please visit our Securities Arbitration & Litigation page. Gana Weinstein LLP represents investors in all major Connecticut cities including Bridgeport, New Haven, Hartford, Stamford, Waterbury, Norwalk, Danbury, New Britain, Greenwich, Bristol, West Hartford, Meriden, Hamden, Fairfield, Manchester, West Haven among scores of other cities within the State of Connecticut.