Securities Fraud Litigation: A Unique Area Of Law
Securities fraud litigation is a very unique area of law and there are many litigators who are successful trial lawyers that go into arbitration and simply just can't win. It's a different animal and you definitely want someone that understands it. It's a very technical area as well – where understanding investments and what parts of the investment make it unsuitable for certain persons.
Securities Law: Which Firms Have Been Involved In Securities Fraud Litigation?
There are several firms that have been involved in broker misconduct and securities fraud litigation such as Merrill Lynch, Edward Jones, Solomon Smith Barney, Citigroup, Raymond James, Hilliard Lyons and other major firms. There are also many smaller firms that some people go to and those would really be too numerous to name.
However, you're not going to have a case against Charles Schwab as they do not hire brokers to make recommendations. So, if you're doing E*Trade or you're doing Charles Schwab, those are not the kind of firms that have brokers that are making recommendations. Whatever you're doing at those firms, you're doing it yourself. You're making your own decisions and, according to stock fraud lawyers, you're not going to have a case against those companies when you lose money.