Wisconsin Securities Arbitration & Litigation Lawyers
The Wisconsin securities attorneys at Gana Weinstein LLP specialize in representing individuals and institutions in securities arbitration before the Financial Industry Regulatory Authority (FINRA) in the state of Wisconsin. Our investment fraud attorneys have a rich and deep experience advising investors in the state of Wisconsin with claims related to the sale of unsuitable investments, broker theft or conversion of investor funds, a brokerage firm’s failure to supervise its brokers, and unauthorized trading in investor accounts.
In 2018, the Wisconsin securities attorneys at Gana Weinstein LLP won one of the largest FINRA arbitration awards in the state of Wisconsin. In FINRA arbitration case number 17-00360 our attorneys won an award for nearly $5,000,000 on behalf of a local farmer. The claimants alleged that the brokerage firm churned his account and committed fraud in the sale of securities. Churning is a type of fraud. Churning is where a broker buys and sells securities for the principal purpose of generating commissions.
Our Wisconsin investment fraud attorneys represent investors through out the state including in all major cities and towns including Milwaukee, Madison, Green Bay, Kenosha, Racine, Appleton, Waukesha, Oshkosh, Eau Claire and Janesville.
Many clients have suffered substantial financial losses in their portfolios prior to contacting and retaining our securities attorneys. At times, our potential clients are unable to understand where their funds have gone, how their broker allowed such losses to occur in the first place, and what their investments are currently worth.
Wisconsin has laws, statutes and industry regulations to protect investors against brokers and broker-dealers who engage in churning (which is essentially excessive trading for the purpose of generating commissions), securities fraud, breach of fiduciary duty, negligent sale of securities, failure to supervise, unsuitable sale or purchase of securities and unauthorized trading. Below are helpful links and resources containing information about investor protection available in the State of Wisconsin.
- Wisconsin Department of Financial Institutions registers and monitors the activities of broker-dealers, securities agents, investment advisers and investment adviser representatives.
- The Bureau of Consumer Protection protects consumers from unfair business practices.
- Wisconsin Uniform Securities Act contains provisions to facilitate and regulate 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.
State securities regulators usually are only able provide nominal reimbursement to investors from their legal actions. Therefore, the best chance for investors to be compensated is to hire an experienced securities arbitration attorney. The Wisconsin securities arbitration attorneys of Gana Weinstein LLP can help clients determine if investment losses were the result of normal market forces or misconduct by Wall Street.
In many cases, broker-dealers strategically utilize novel investment products in order to gain large commissions without conducting the due diligence required and fail to consider the investor’s willingness to withstand the large losses. These products include esoteric oil and gas investments, Ponzi schemes, pump and dump schemes, exotic ETFs and ETNs, and non-traded REITs.
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, indecipherable account statements are set up to cover up excessive trading activity and risk. 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.
To learn more about potential claims and securities topics please visit our Securities Arbitration & Litigation page. The Wisconsin securities attorneys at Gana Weinstein LLP represent investors in all major Wisconsin cities including Milwaukee, Racine, Eau Claire, Green Bay, Kenosha, Madison, Waukesha, Appleton, Oshkosh, and Janesville. Our attorneys have nearly twenty years of experience representing investors in FINRA arbitrations and are here to help you analyze your case and attempt to get you compensation. Our consultations are free of charge and the firm is only compensated if you recover.