Louisiana Securities Attorney
Gana LLP represents Louisiana investors and institutions in securities litigation either in court or before the Financial Industry Regulatory Authority (FINRA). Our attorneys have the knowledge and experience to hold brokerage firms and advisors accountable for their misconduct. Often times clients first attempt to resolve their dispute with the brokerage firm by seeking compensation from the brokerage firm. Unfortunately, brokerage firms almost never compensate victims of securities misconduct without resort to legal action.
Unfortunately, when clients retain our law firm their financial security has already been jeopardized and their retirement plans placed on hold. Many clients do not know where their investments assets have gone or how their financial advisor could have recommended them to invest in a risky endeavor in the first place.
Louisiana’s legislative laws and statutes together with industry rules prohibit brokers from engaging in unsuitable sales, Ponzi schemes, unauthorized trading, fraud, churning, failure to supervise, or negligence. Below are useful links and resources covering some of the investor protections available in the State of Louisiana:
- Louisiana Securities Division registers securities offerings for sale to the public and licenses broker-dealers, agents and investment advisers.
- Consumer Protection Section protects consumers from unfair and deceptive practices.
- Louisiana Securities Law regulates securities registration, exempt securities, unlawful practices and appeals.
- 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.
Although state securities regulators investigate and enforce securities fraud, investors are rarely reimbursed. A recent study of seventy-five SEC cases revealed that the SEC only distributed 13% of the funds from civil fines and restitution. The best chance for investors to be compensated is to hire attorneys to pursue their claim.
To learn more about potential claims and securities topics please visit our Securities Arbitration & Litigation page. Gana LLP represents investors in all major Louisiana cities including New Orleans, Baton Rouge, Shreveport, Metairie, Lafayette, Lake Charles, Kenner, Bossier City, Monroe and Alexandria. Our consultations are free of charge and the firm is only compensated if you recover.