[email protected]

We stand up for the rights of investors

by holding investment firms and banks accountable for their clients’ investment losses. We hold investment firms and banks accountable for their clients’ investment losses. We can help recover your investment loss. Free consultations, always.
Dan provided my husband & I with superb professional guidance & expertise, giving us an outcome that exceeded our expectations.
Beth M.

At Harkins Law Firm, our business is to recover your investment losses.

RECOVER YOUR INVESTMENT LOSS. TALK TO A STOCKBROKER FRAUD LAWYER TODAY.

Nationwide Stock Loss Recovery Attorneys Who Aggressively Pursue Compensation on Behalf of Aggrieved Investors.

Your brokerage firm or financial advisor is supposed to place your interests first. Unfortunately, as countless investors can attest to, many brokers do not uphold that responsibility. Instead, they often fail to disclose material risks to investors, suggest inappropriate investments, or otherwise make moves that will financially benefit themselves before their clients.

The result of these behaviors, unfortunately, is the loss of all or part of your investment. Negligence and stock broker fraud puts your financial security at risk.

But there is good news: The experienced attorneys at Harkins Law Firm can help you recover your investment losses.

IN 2018 FINRA Reports
$61 MILLION in fines
$25 Million in restitution
Paid by brokerage firms and financial professionals
IN 2018 FINRA Reports
$61 MILLION in fines
$25 Million in restitution
Paid by brokerage firms and financial professionals

Misconduct in the Financial Industry

Misconduct and fraud in the financial industry is common. In 2018, according to FINRA, brokerage firms and financial professionals were fined more than $61 million and ordered to pay over $25 million in restitution.

Additionally, 386 individuals were barred from practice and another 472 suspended. The aggregate effect of broker and advisor misconduct results in billions of dollars of investor losses every year.

We Get Results.

$10 Million Settlement Against National Brokerage Firm in Securities Fraud Dispute
$1 Million Recovery Against Registered Investment Advisor in Securities Fraud Dispute
$915,000 Recovery Against Insurance Company and National Brokerage Firm In Churning And Securities Fraud Dispute
$275,000 Recovery Against National Brokerage Firm In Dispute Involving Breaches Of Fiduciary Duty
$240,000 Recovery In Breach Of Contract Dispute

Signs of Investment Fraud

It can be difficult to determine whether you’re a victim of investment or securities fraud until you speak with an attorney at our investment recovery law firm, but there are some telltale signs of investment fraud:

  • An excessive number of stock trades
  • Sudden and unexplained losses
  • Withdrawals from your accounts without explanation
  • Trades that you didn’t authorize appearing in your account
  • Broker or brokerage firm no longer responding to calls or emails

If you’ve seen any of the above signs or otherwise suspect that you’re a victim of broker negligence or misrepresentation, contact our law firm as soon as possible.

CONTACT US

The Harkins Law Firm puts those on Main Street and those on Wall Street on even ground. We bring a focused and trial-tested approach to each stock broker fraud, investment loss, elder financial abuse, and negligence case designed to identify and expose misconduct and hold brokerage firms and financial advisors accountable for clients’ investment losses.

START YOUR FREE CONSULTATION

An Aggressive Securities Litigation Firm Standing Up for the Rights of Investors

The financial industry is subject to countless laws and regulations. For the average investor, keeping up with all of these rules—and understanding when a stock broker has violated them and caused financial harm—is overwhelming.

You may suspect that your brokerage firm or broker acted inappropriately or negligently, and that this behavior resulted in financial losses. But how do you prove it? Any complaint or lawsuit will put you up against teams of Wall Street lawyers whose sole purpose is to avoid liability for claims like yours.

Our firm’s founder, Daniel Harkins, spent many years representing the largest Wall Street banks and brokerage firms in high-value securities cases. That gave him an unrivaled understanding of how the securities industry evaluates these claims. The Harkins Law Firm puts this unique knowledge, combined with an aggressive litigation style, behind each client’s case. That’s how we fight and win for you.

READ MORE

Why Choose

THE Harkins Law Firm

We are experienced trial attorneys who hold brokerage firms, banks, and financial advisors responsible for negligent or fraudulent investment advice. We fight hard to recover clients’ investment and stock losses in all forums, including state and federal courts and arbitration proceedings before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (AAA), National Futures Association (NFA), and JAMS.

Whether you suffered stock losses, caught your broker making unauthorized trades, were sold an inappropriate investment, or suffered from broker fraud in any way, our firm can help you right the wrong you’ve experienced.

Experienced

Daniel Harkins spent fourteen years as a partner with a national law firm representing some of the largest banks, brokerage firms, and investment companies. He knows how the other side thinks and can anticipate their legal defenses and strategies. Put this experience and perspective on your side in your investment loss recovery or stock broker fraud case.

Trial Readiness

While many cases are resolved through confidential settlements or mediation, we prepare for trial in every case—beginning on day one. If a satisfactory settlement cannot be reached, we have the experience and resources necessary to carry your case through the trial phase.

Attention to Detail

Preparation and attention to detail are the foundation of a successful legal defense. We pride ourselves on reviewing and understanding every aspect of your case, and we leave no stone unturned.

Commitment & Care

We always put the client first. We are driven to obtain the best possible results for our clients while still delivering a personalized and comforting experience.

No Fees Unless You Win

We are partners in your success. If there is no recovery in your case, we don’t earn a fee.

Fraud & Misrepresentation

Common red flags of fraud are inconsistencies in statements your financial advisor makes, excessive trading, the sale of high-commission investment products, high-pressure sales tactics, and unauthorized account activity.

Fraud is a complex legal field that requires a careful and effective presentation. Choosing securities fraud lawyers with securities fraud claims experience is a crucial step in the investment loss recovery process.

Lack of Diversification and Overconcentration

To avoid unnecessary volatility, your financial advisor must recommend portfolio diversification across various asset classes, geographic regions, and sectors of the economy.

While some brokers are overconfident in their assessment of market conditions, others are inexperienced, lazy, or financially motivated to overconcentrate your assets in a particular investment product. Brokers who fail to diversify a portfolio may violate their fiduciary duty.

Failure to Supervise

FINRA Rule 3110 requires that brokerage firms implement a reasonable system of supervision to detect and protect against unlawful sales practices by financial advisors.

If a brokerage firm fails to supervise or ignores red flags when they arise, it may be in violation of FINRA rules. In cases like this, aggrieved investors may have a claim for investment loss recovery.

Ponzi Schemes

Ponzi schemes rely on attracting new investors, often by offering high rates of return with the promise of little or no risk. Unfortunately, many investors are unaware that they are involved in a Ponzi scheme until it is too late and they have suffered substantial losses.

Investors may be able to recover those losses with the help of a qualified lawyer.

Breach of Fiduciary Duty

Financial professionals, including investment advisors, financial advisors, and brokerage firms, owe a fiduciary duty to their clients. Simply stated, the person or organization that owes the duty must act in the best interest of the principal.

If a financial professional violates a fiduciary duty owed to an investor, the advisor may be legally and financially liable for the investor’s losses.

Unauthorized Trading

Investors place faith in the financial professionals who handle their money. Too often, investors—especially those who do not keep a close eye on the monthly activity in their account—fall victim to unauthorized trading.

Unauthorized trading occurs when a financial advisor buys or sells investment products without your permission. Advisors who engage in unauthorized trading do so to generate additional commissions.

Broker Theft

Broker theft refers to any scheme in which a broker takes illicit and unauthorized action designed to steal directly from their clients. Common examples of broker embezzlement include forging client documents, doctoring account statements, and the unauthorized transfer of funds.

In each of these situations, the investor can pursue a claim to recover any losses associated with the unauthorized activity.

Churning

Churning, or excessive trading, occurs when a financial advisor recommends or places trades that do not benefit the client in order to generate additional fees or commissions.

The cost of buying and selling investment products can accumulate quickly. While financial advisors are often compensated on a per-trade basis, they must put the financial interests of their clients ahead of their own.

Margin and Other Securities Based Lending

Margin carries significant risks and is not suitable for all investors. All risks associated with margin use must be disclosed to the client, and the client must be willing and financially able to absorb a loss of principal.

A brokerage firm’s failure to meet its disclosure and suitability obligations regarding the use of margin may subject the brokerage firm to liability.

Elder Financial Abuse

Dishonest financial advisors use a variety of tactics to bilk unsuspecting seniors of their money. Most often, advisors will attempt to foster an unusually friendly relationship with a prospective investor, hoping to gain their trust.

Seniors who are the victim of financial abuse can pursue a claim against offending financial advisors and the brokerage firms that failed to supervise them.

Unsuitable Investments

Financial advisors must take an investor’s needs and objectives into account and make suitable investment recommendations. And every investor’s situation is unique.

FINRA Rule 2111 governs suitability and provides that a financial advisor must consider the following factors when making investment recommendations to a client: age, other investments, investment objectives, risk tolerance, tax status, investment experience, liquidity needs, and time horizon.

Selling Away

Selling away refers to the practice by a financial advisor of recommending securities to a customer that are not offered or vetted by the brokerage firm that employs the financial advisor. Often, the financial advisor has a personal interest in the outside investment being offered.

This behavior is a violation of FINRA rules and may warrant an investment recovery lawsuit.

Fraud & Misrepresentation

Common red flags of fraud are inconsistencies in statements your financial advisor makes, excessive trading, the sale of high-commission investment products, high-pressure sales tactics, and unauthorized account activity.

Fraud is a complex legal field that requires a careful and effective presentation. Choosing securities fraud lawyers with securities fraud claims experience is a crucial step in the investment loss recovery process.

Lack of Diversification and Overconcentration

To avoid unnecessary volatility, your financial advisor must recommend portfolio diversification across various asset classes, geographic regions, and sectors of the economy.

While some brokers are overconfident in their assessment of market conditions, others are inexperienced, lazy, or financially motivated to overconcentrate your assets in a particular investment product. Brokers who fail to diversify a portfolio may violate their fiduciary duty.

Failure to Supervise

FINRA Rule 3110 requires that brokerage firms implement a reasonable system of supervision to detect and protect against unlawful sales practices by financial advisors.

If a brokerage firm fails to supervise or ignores red flags when they arise, it may be in violation of FINRA rules. In cases like this, aggrieved investors may have a claim for investment loss recovery.

Ponzi Schemes

Ponzi schemes rely on attracting new investors, often by offering high rates of return with the promise of little or no risk. Unfortunately, many investors are unaware that they are involved in a Ponzi scheme until it is too late and they have suffered substantial losses.

Investors may be able to recover those losses with the help of a qualified lawyer.

Breach of Fiduciary Duty

Financial professionals, including investment advisors, financial advisors, and brokerage firms, owe a fiduciary duty to their clients. Simply stated, the person or organization that owes the duty must act in the best interest of the principal.

If a financial professional violates a fiduciary duty owed to an investor, the advisor may be legally and financially liable for the investor’s losses.

Unauthorized Trading

Investors place faith in the financial professionals who handle their money. Too often, investors—especially those who do not keep a close eye on the monthly activity in their account—fall victim to unauthorized trading.

Unauthorized trading occurs when a financial advisor buys or sells investment products without your permission. Advisors who engage in unauthorized trading do so to generate additional commissions.

Broker Theft

Broker theft refers to any scheme in which a broker takes illicit and unauthorized action designed to steal directly from their clients. Common examples of broker embezzlement include forging client documents, doctoring account statements, and the unauthorized transfer of funds.

In each of these situations, the investor can pursue a claim to recover any losses associated with the unauthorized activity.

Churning

Churning, or excessive trading, occurs when a financial advisor recommends or places trades that do not benefit the client in order to generate additional fees or commissions.

The cost of buying and selling investment products can accumulate quickly. While financial advisors are often compensated on a per-trade basis, they must put the financial interests of their clients ahead of their own.

Margin and Other Securities Based Lending

Margin carries significant risks and is not suitable for all investors. All risks associated with margin use must be disclosed to the client, and the client must be willing and financially able to absorb a loss of principal.

A brokerage firm’s failure to meet its disclosure and suitability obligations regarding the use of margin may subject the brokerage firm to liability.

Elder Financial Abuse

Dishonest financial advisors use a variety of tactics to bilk unsuspecting seniors of their money. Most often, advisors will attempt to foster an unusually friendly relationship with a prospective investor, hoping to gain their trust.

Seniors who are the victim of financial abuse can pursue a claim against offending financial advisors and the brokerage firms that failed to supervise them.

Unsuitable Investments

Financial advisors must take an investor’s needs and objectives into account and make suitable investment recommendations. And every investor’s situation is unique.

FINRA Rule 2111 governs suitability and provides that a financial advisor must consider the following factors when making investment recommendations to a client: age, other investments, investment objectives, risk tolerance, tax status, investment experience, liquidity needs, and time horizon.

Selling Away

Selling away refers to the practice by a financial advisor of recommending securities to a customer that are not offered or vetted by the brokerage firm that employs the financial advisor. Often, the financial advisor has a personal interest in the outside investment being offered.

This behavior is a violation of FINRA rules and may warrant an investment recovery lawsuit.


The Laws that Protect Investors

As an investor, you’re protected by a number of laws. Unfortunately, negligent or greedy stock brokers and brokerage firms often break these laws. That results in serious losses for investors like you.

The acts and laws described below are pieces of landmark legislation comprising countless rules and regulations. A breach of any of these rules that results in financial harm to an investor may be grounds for legal action. An investment loss attorney at Harkins Law Firm is here to help you take that legal action.

The Financial Industry Regulatory Authority, or “FINRA,” is a regulatory body that oversees registered brokerage firms and Financial Advisors. FINRA has implemented myriad conduct rules and regulations relating to sales practices and supervision. These conduct rules require, among other things, that brokerage firms and Financial Advisors recommend suitable and appropriate investments that are consistent with an investor’s needs, investment objectives and risk profile.

Sarbanes-Oxley Act

This act is meant to protect investors by increasing the accuracy of corporate disclosures.

Securities Act of 1933

Under this rule, securities fraud is forbidden and investors are entitled to the information they need to make informed investing decisions. This was the first federal law to regulate the stock market.

Securities Exchange Act of 1934

This act created the SEC. Since 1934, the SEC has been working to protect investors from fraud. The Securities Exchange Act also governs secondary market securities transactions.

State “Blue Sky” Statutes

All fifty states have enacted legislation to protect residents against unlawful sales practices in connection with the purchase and sale of securities. Many of these statutes are modeled after the anti-fraud provisions found in Rule 10b of the Securities Exchange Act of 1934 and Rule 10b-5, promulgated thereunder.

What Do Our Clients Say?

Dan exceeded our expectations from start to finish with our claim against a local investment Representative. Dan provided the kind of guidance we were looking for to help win our case. He was easy to speak to and made a difficult process easy. We highly recommend the Harkins Law Firm.

Kristi B.

Dan has been excellent to work with. He provided my husband & I with superb professional guidance & expertise throughout our legal process, eventually giving us an outcome that exceeded our expectations. We would highly recommend him.

Beth M.

I solicited Harkins Law Firm to help me with an investment issue I was having and was very impressed with Daniel Harkins. He is a good listener, smart, knowledgeable, articulate and very resourceful. It was a very difficult case, but Dan navigated for the best results under the circumstances. I will recommend Harkins Law Firm to anyone.

Peter M.

Commonly Disputed Investment Products

Investor disputes arise in all types of investment products, across all sectors of the economy. There is no way to definitively say that a certain type of product or investment is unsuitable.

Financial professionals have a fiduciary duty requiring they invest a client’s money in the client’s best interest, regardless of the type of asset involved or the risk associated with that type of product.

A few examples of commonly disputed investments are as follows:

  • Stocks and bonds
  • Variable annuities
  • Junk bonds and high-yield bonds
  • Structured products
  • Options
  • Private placements and private equity
  • Real Estate Investment Trusts (REITs)
  • Penny stocks
  • Exchange-Traded Funds (ETFs)
  • Market-linked notes/steepener notes
  • Market-linked CDs
  • Promissory notes
  • Alternative investments
Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office

3021 6th Ave N UNIT 205,
Billings,
MT 59101,
United States
Email: [email protected]