Texas Securities Arbitration & Litigation Lawyers
Gana LLP represents individuals and institutions involved in securities litigation within the state of Texas and in arbitration before the Financial Industry Regulatory Authority (FINRA). 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.
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 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 & Litigation page. Gana LLP represents 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.