Texas Securities Arbitration Attorneys
The Texas securities arbitration attorneys at Gana Weinstein LLP represent investors that have lost money as a result of broker misconduct. Our Texas investment fraud attorneys specialize in securities arbitration through The Financial Industry Regulatory Authority (FINRA) in the State of Texas and around the United States. Specifically, our attorneys represent investors in all major locations throughout Texas including: Dallas, Houston, Austin, San Antonio, Loredo, Plano and El Paso.
When clients first retain us, many of them have suffered substantial financial losses in their portfolios. Many clients have difficulty understanding where their funds have gone, how their broker allowed such losses to occur in the first place, and what their investments are currently worth.
Our Texas securities attorneys tireless analyze our clients’ documents and stories to present the best case to FINRA’s securities arbitration panels. The most common claims we bring are claims that a broker made unsuitable investment recommendations to our investor clients. Texas suitability claims require an analysis of a client’s net worth, levels of sophistication, investment objectives and risk tolerance to determine if the investment was reasonably designed to meet the client’s needs.
Our attorneys also regularly see claims related to securities fraud under Texas law. Under the Texas securities statutes, to succeed on a claim for securities fraud in FINRA arbitration, an investor must show that a broker made a material misstatement (or omitted material information) in the sale of securities that was the direct cause of the investor’s losses.
Many other claims in FINRA arbitration include churning (the buying and selling of securities to generate a commission, the failure to supervise the conduct of a broker, broker theft or conversion, and Ponzi schemes.
Investors in Texas are protected by legislative laws and statutes together with industry rules that prohibit brokers from engaging in fraud, unsuitable sales, churning, 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 Texas:
- Texas State Securities Board is the State's Regulatory Agency that is responsible for regulating the securities industry in Texas.
- Consumer Protection Division under the Texas Office of the Attorney General protects consumers and the business community.
- The Texas Securities Act is a state law regulating the securities industry. The Act contains provisions for the registration of securities, exemptions and sanctions for violations.
- 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.
Unfortunately, state securities regulators rarely reimburse investors as a result of an enforcement action. By hiring an experienced securities attorney to pursue their claim, investors have the best chance to be compensated. The attorneys of Gana Weinstein LLP can help clients determine if investment losses were the result of normal market forces or misconduct by Wall Street. We apply a detailed and forensic approach to understanding your investment activity to explain those losses and apply the appropriate law to advance your claims.
In many cases, broker-dealers and investment advisers simply sell novel investment products in order to garner large commissions for themselves regardless of the investor's willingness to withstand large losses. Some of our clients are sold exotic investment products that are only appropriate for a small group of sophisticated investors willing to take excessive risk. In other cases, clients come to us with account statements and trading activity so voluminous and complex that the client cannot even tell how much money they have lost. Many times, these indecipherable account statements are set up to cover up excessive trading activity and risk.
To learn more about potential claims and securities topics please visit our Securities Arbitration page. The securities arbitration attorneys at Gana Weinstein LLP represent investors in all major Texas cities including Houston, San Antonio, Dallas, Austin, Fort Worth, El Paso, Arlington, Corpus Christi, Plano and Laredo. Our consultations are free of charge and the firm is only compensated if you recover.