Do you think that you need to contact a lawyer for investment fraud, as you believe that maybe a victim? If you have experienced losses, it’s difficult to understand what you should do next. Should you meet with an attorney, or do you not even have a case? These are five major signs that mean you may need to contact a lawyer, pronto.
1. Your Broker Has Partook in Some Suspicious Tactics
The minute your broker is doing some fishy tactics is the minute you should begin to worry. If you’ve experienced investment losses and have questions about some of your broker’s methods, it may be time to contact a lawyer for investment fraud or investment-related misconduct.
There are many different forms of broker misconduct. Look out for if a broker works on a commission basis, as they may be more inclined to push for investments that cost more. Also beware of if a broker is pushing you to make a move, whether this is because they’re saying the stock is “hot”, or if an investment is the “next big thing”.
2. You’re Unable to Cash Out
Are you unable to cash out? Misconduct may be at hand if you have any delays when attempting to withdraw money. This could point to illegitimate investments, which should then lead to you contacting an investment fraud lawyer.
Also, look out for when you’re encouraged to roll over any previously promised payments in order to gain an even bigger profit. This is a common Ponzi scheme and completely illegal — and yet another reason why you may need to contact an attorney as soon as possible.
3. You Have to Borrow to Invest
An experienced broker should never push you to borrow money from other accounts, such as your retirement account, in order to invest money elsewhere. If this happens, this is a clear warning sign that you may have a broker looking to con you out of money.
You should also beware of brokers who push you to put all your life savings on one investment or ask for any bank account numbers. If this happened to you, and your experienced investment losses, you should immediately contact a lawyer for investment fraud.
4. Your Returns Seem Quite High
For the most part, investments with higher returns are a bit riskier than others. So, if you see an investment that offers consistent high returns, this may end up being too good to be true. Trends are always changing and fluctuating returns — this is normal. A consistently high return rate may not be. If you’ve seen this pattern and then experienced any losses, you may want to contact an attorney to learn more.
5. Your Investments Are Unregistered
Finally, you should beware of any unregistered investments. While people do have investments that are unregistered, this is definitely not good for beginners. Those that invest in this way tend to know what they are doing — and also tend to have a lot of money. That way, if they lose it, they won’t lose everything. So, always be sure that your investments are registered. It’s better to be safe than sorry!
Is It Time to Contact a Lawyer for Investment Fraud?
If you’ve experienced any of these five signs, it might be time for you to contact an attorney. Obviously, you won’t know if you have a case until you talk to a lawyer one on one. However, if you feel that you are a victim, and these five signs have seemed familiar to your own investment journey, then you may need to consider meeting with an attorney as soon as possible.
This blog does not offer any specific legal advice. To learn more about your specific case, contact an attorney today.
