Tennessee Securities Arbitration & Litigation Lawyers
Gana LLP specializes in representing individuals and institutions involved in arbitration proceedings before the Financial Industry Regulatory Authority (FINRA) and in securities litigation within the State of Tennessee. Many investors who suffer substantial losses cannot determine why their funds declined, how their broker failed to inform them of such losses and what their investments are really worth. The attorneys at Gana LLP can help clients determine if their losses were the result of normal market forces or misconduct by the investor.
Tennessee investors are protected by legislative law, statutes and industry rules that prohibit brokers from engaging in fraud, unsuitable sales, churning, misrepresentation, unauthorized trading, failure to supervise, breach of fiduciary duty, or negligence. Below are useful links and resources covering some of the investor protections available in the State of Tennessee:
- Tennessee Securities Division enforces rules and regulations within the securities industry in order to maintain the integrity of the securities market and to protect consumers.
- Consumer Affairs Division protects and assists consumers and business owners from unfair business practices.
- Tennessee Securities Act of 1980 facilitates and enforces rules and regulations within the securities marketplace.
- FINRA oversees and regulates all broker-dealers in the United States. FINRA, in conjunction with the Securities and Exchange Commission (SEC) also creates and enforces the securities laws.
While state securities regulators reimburse investors from enforcement action, the amount received is nominal. A recent study of 75 SEC cases revealed that only 3 cases were awarded $60 million out of $4.8 billion collected in civil penalties. By hiring an experienced securities attorney to pursue their claim, investors are more likely to be compensated.
In many cases, broker-dealers and investment advisers simply sell novel investment products in order to profit from large commissions regardless of the investor’s willingness to withstand the large losses. Some of our clients are sold novel and exotic investment products that are only appropriate for a small group of sophisticated investors willing to take excessive risk. In other cases, broker-dealers strategically create complex trading activity with voluminous account statements that leave the investors unable to determine the actual losses suffered. The attorneys of Gana LLP apply a detailed and forensic approach to understanding your investment activity to explain those losses and apply the appropriate law to advance your claims.
To learn more about potential claims and securities topics please visit our Securities Arbitration & Litigation page. Gana LLP represents investors in all major Tennessee cities including Memphis, Nashville, Knoxville, Chattanooga, Clarksville, Murfreesboro, Jackson, Johnson City, Kingsport and Franklin. Our consultations are free of charge and the firm is only compensated if you recover.