The attorneys of Gana Weinstein LLP specialize in securities litigation and arbitration around the nation and within the State of New Hampshire. We represent investors in Manchester, Nashua, Concord, Derry, Dover, Rochester, Salem, and Merrimack. Also known as the Granite State, New Hampshire is one of the wealthiest states in the Union. Unscrupulous financial advisers regularly take advantage of unsuspecting investors within the State of New Hampshire. Education about why investors lose money is imperative.
Investor losses stem from many sources. Sometimes, broker-dealers and investment advisers take control of client accounts and sell securities excessively to generate fees – this unlawful conduct is known as churning. Some brokers sell exotic investment products that are unsuitable for investors. If the investor is not informed about the risks associated with these products, the broker may be liable to the investor for making unsuitable recommendations and for materially misleading the investor. Some 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.
Gana Weinstein LLP can help clients determine if their investment losses were the result of normal market forces or misconduct by Wall Street brokers. When clients first retain us, many of them have suffered substantial losses to their portfolios that they cannot understand. We can help recoup those losses through a detailed and forensic approach to understanding the losses and by applying the appropriate law to explain those losses.
It is important to remember investors are protected by both federal and state legislative statutes and also by industry rules that prohibit brokers from engaging in churning, unauthorized trading, fraud, unsuitable sales, and other forms of misconduct. Below are useful links and resources covering some of the investor protections available in the State of New Hampshire.
The New Hampshire Bureau of Securities Regulation of the Secretary of State regulates securities in New Hampshire. The Bureau of Securities has been the front line of defense for Main Street investors for years. Many investors understandably feel that their local state securities regulator is the logical place to start with a grievance when they believe a broker or investment advisor has treated them unfairly. However, while the Bureau can help investors it is important to also seek private legal help. The New Hampshire Bureau seeks to uncover investment scams and bring enforcement actions to halt or remedy a wide variety of investment related violations, and may be able to obtain restitution for New Hampshire residents as part of enforcement actions.
FINRA regulates and overseas all broker-dealers in the United States. FINRA, in conjunction with the Securities and Exchange Commission (SEC) also creates and enforces the securities laws. However, private attorneys, like the attorneys at Gana Weinstein LLP, help investors attempt to recover investor money through private arbitration and litigation.
It is important to remember that many of these agencies cannot help you recover your lost investments. A recent study showed that less than 13% of securities enforcement action resulted in investor compensation. The investment fraud attorneys at Gana Weinstein LLP help our clients recover money.
To learn more about securities topics please visit our Securities Arbitration & Litigation page.