Investor Claims


Did you know that Elk & Elk can assist you with recovering financial losses caused by bad investment advice?

If you have fallen victim to financial fraud or broker misconduct, don’t suffer in silence. It’s not your fault. Call 1-800-ELK-OHIO or contact us online for a free, no obligation case review.

Can I sue my broker if I lost money in the market?

Victims of securities fraud, bad investment advice, and negligence are entitled to receive damages to compensate them for their losses, as well as other remedies that may be available depending on your specific case. If you suffered losses in your investment account because your financial advisor, their firm, or both breached their fiduciary duties to you, you may have a meritorious claim. We know how to hold them accountable.

How will my claim be resolved?

While some stockbroker fraud, bad investment advice or other misconduct cases are heard in a traditional courtroom, many investor/brokerage firm agreements contain provisions requiring disputes to be settled through mediation or binding arbitration. Those cases may be resolved by the Financial Industry Regulatory Authority (FINRA). Last year, 51 percent of securities fraud claims were resolved by direct settlement.

You’re not alone

Millions of Americans just like you have fallen victim to the predatory practices of brokerage houses and big banks. Everyone, even savvy investors, are at risk, regardless of age, wealth, educational level, gender, race, culture, ability, or geographic location. The effects of negligence and fraud have devastating effects on individuals, families, institutional investors and the global economy. The only way to stop these practices is to hold the perpetrators accountable.

What is securities fraud?

Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice, which induces investors to trade stocks or other commodities based on false information, resulting in financial loss. Claims may also be brought for negligent practices by your financial advisor.

Common forms of broker misconduct include:

  • Asset Allocation
  • Breach of Fiduciary Duty
  • Churning
  • Derivative Securities
  • Excessive Activity
  • Failure to Execute
  • Failure to Supervise
  • False Information
  • Fraud
  • Margin Trading
  • Misrepresentation and Omissions
  • Negligence
  • Overconcentration
  • Ponzi and Pyramid Schemes
  • Private Placements
  • Subprime Litigation and Mortgage Scams
  • Unauthorized Trading
  • Undisclosed Conflicts of Interest
  • Unsuitability
  • Violation of FINRA rules

Do I have a case?

Frequently, investors who have lost money in their investment accounts do not realize they are the victims of securities fraud or negligence on the part of their financial advisor. If you have lost more than $50,000 due to bad investment advice, contact a securities fraud attorney today at 1-800-ELK-OHIO or contact us online. We have the resources and experience to take on Wall Street for Main Street investors like you.

Elk & Elk works on a contingency-fee basis, which means there is no attorney fee unless we obtain compensation for your losses.