Representing Investors Nationwide
The stock market is a complex industry that very few people have mastered over the years. Investing is a constant gamble, which is why so many people trust their hard-earned money to stockbrokers who will play the investment game for them.
On July 18, 2018, the U.S. Securities and Exchange Commission (SEC) charged Temenos Advisory Inc., a Connecticut-based retail investment firm, and its chief executive officer George L. Taylor, with defrauding its investors. The SEC states that the company and its CEO placed $19 million of investor’s money into risky investments while taking large commissions off of those investments.
When you’re looking to invest your hard-earned money it’s always important to perform your due diligence before making any important decisions. It’s wise to research any investment opportunity as well as look into and vet any stockbroker or financial professional you may potentially work with.
When you entrust your money with a stockbroker you expect a high level of professionalism, honesty, and trust. After all, you’re taking finances you’ve worked hard to accumulate and placing it in the hands of an individual whose job is to manage it on your behalf. But what happens when a stockbroker acts negligently or purposefully engages in misconduct with your money?
Choosing to invest a substantial amount of money in the stock market through a stockbroker is a big decision to make, and one that shouldn’t be done lightly. There are many investment firms in Florida and across the nation, and not every broker has your best interest in mind.
There's a simple maxim on the stock market: buy low, sell high. It's the core objective of every investor. However, just because that's the goal, doesn't mean every means of achieving that goal is legal or ethical. One of the most common forms of stock market fraud our lawyers see is the pump and dump scheme.
One of the reasons so many people are victimized by unethical stockbrokers and other actors is that many people lack an understanding of the stock market and believe in some dangerous, damaging myths.
Our stock market lawyers want to help you gain a clearer understanding of the often confusing financial markets. Here are five notable myths about the stock market: