Tennessee Securities Arbitration & Litigation Lawyers
The Tennessee securities attorneys at Gana Weinstein LLP specialize in representing institutions and individuals in securities arbitration proceedings before the Financial Industry Regulatory Authority (FINRA) within the state of Tennessee.
Our Tennessee securities attorneys represent investors around the state of Tennessee in all areas including Nashville, Memphis, Chattanooga, Knoxville, Murfreesboro, Clarksville, Jackson, Johnson City, Kingsport and Franklin.
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 Tennessee investment fraud attorneys at Gana Weinstein LLP can help clients determine if their losses were the result of normal market forces or misconduct by the investor.
Our initial step is to determine if you have a viable securities arbitration and a claim. The types of claims our investment fraud attorneys are looking for are cases of unsuitable investment recommendations, churning (otherwise known as excessive trading for generating commissions), securities fraud under Tennessee law, unauthorized trading and in some cases broker theft.
Once we fully understand your investments and your claims, we draft an individualized claim for you. The process usually takes between nine and twelve months from the day our securities and investment fraud attorneys are retained to the date the case is resolved.
A FINRA arbitration can be resolved in one of three ways. First, the case can settle through directly negotiating with the broker and brokerage firm. Second, the case can be tried through a full evidentiary hearing in a FINRA arbitration and a FINRA panel can render an award at its discretion. Finally, the case can resolve through mediation. A mediation is where the parties jointly agree to hire a third party neutral to try to resolve the case.
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 Tennessee securities and investment fraud attorneys of Gana Weinstein 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. The Tennessee FINRA attorneys at Gana Weinstein 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.