Shepherd Smith Edwards and Kantas Represents Investors in The Sunshine State Against US Brokerage Firms

Our Florida Misrepresentations and Omissions Attorneys in Tampa provide specialized legal representation to investors who have suffered significant financial losses due to a broker’s failure to disclose material risks. By filing FINRA arbitration claims, our firm helps retirees and institutional investors across the Sunshine State hold negligent financial advisors accountable for deceptive sales practices and Regulation BI violations.

Throughout Florida, our misrepresentations and omission law firm in Tampa works with retail investors, seniors, retirees, high-net-worth investors, accredited investors, and institutional investors in recouping losses they sustained because their financial advisor misled them by misrepresenting or failing to disclose material information. Contact the Florida Misrepresentations and Omissions Attorneys of Shepherd Smith Edwards and Kantas (investorlawyers.com) today to request your free case consultation.

What Are Misrepresentations and Omissions as They Pertain To Broker Fraud?

• A misrepresentation or omission of material facts can lead to serious losses for Florida investors. Either can mask the actual risks involved and may compel an investor to agree to an investment recommendation they might have otherwise declined.
• Brokers are supposed to fully and accurately disclose all facts and risks involved without leaving anything out.
• Misrepresentations and omissions can be deliberate on the part of the financial advisor or because of negligence, such as when a broker doesn’t bother to read an investment’s prospectus or lacks the training or experience to understand the information.
• Securities misrepresentations and omissions are one of the most common legal grounds cited in investment loss recovery claims against brokerage firms and their registered representatives.

What Is FINRA Rule 2020 and How Does It Apply To Misrepresentations and Omissions By Brokers?

Referred to as the anti-fraud rule, FINRA Rule 2020 prohibits broker-dealers and their registered representatives from making material misrepresentations of fact that persuade an investor to buy or sell an investment.

What Is Considered A “Material” Misrepresentation?

If an investor had considered the information pertinent when deciding whether to keep, buy, or sell an investment—and the broker either omitted or misrepresented said information—then it was a material misrepresentation or omission.

I’m A Florida Investor. How Do I Know If I Might Be The Victim of Misrepresentations and Omissions?

• Your broker did not tell you that your investment, which they assured you was safe and low-risk, was, in fact, a volatile, high-risk investment.
• The brokerage firm neglected to fully explain all of the commissions and fees you would be charged for agreeing to purchase an alternative investment.
• Your financial advisor continued to assure you that all was well with your portfolio, which is why you were blindsided when you suffered serious investment losses.
• Proper disclosures were not made to you, including conflicts of interest or other material facts.
• You were promised high returns or told there were no risks involved.

These are some examples of securities misrepresentations and omissions. If you depended on what your financial advisor told you and now have sustained substantial losses, you may be able to sue for damages.

Examples of Losses Incurred from Misrepresentations and Omissions:

• Losses on your investment.
• Damage to your portfolio, including lost opportunity costs.
• Interest you might have earned otherwise.
• Fees and commissions you were charged that you could have avoided if only you’d been given all the material information.

As a victim of Florida misrepresentations and omissions, you may be able to recoup these losses by filing a FINRA lawsuit against your financial advisor. In some cases, punitive damages may also be in play if gross misconduct was involved.

I’m A Florida Investor. Can I Sue My FINRA-Registered Broker Over Omissions and Misrepresentations If He Lives Out of State?

The answer to that is yes. You don’t have to live in the same US state as your financial advisor to file a claim for financial recovery in FINRA arbitration, which is where disputes are made.

Why Speaking To Our Tampa, FL Misrepresentations and Omissions Law Firm Is Essential

The only way to know for sure if you have grounds for suing your broker over misrepresentations and omissions is to speak with one of our seasoned Tampa securities lawyers. We can help you assess the cause of your losses. You also may have other grounds for filing a claim, which is not uncommon with these types of cases.

Find Out If You Have a Misrepresentation and Omissions Case:

Shepherd Smith Edwards and Kantas has been fighting for investors against financial advisors and investment advisers for decades.

• Skilled securities lawyers
• More than 100 years of collective experience in securities law and the securities industry
• Secured a collective many millions of dollars for thousands of investors in arbitration, mediation, and litigation.
• Personalised attention from our entire Florida securities law firm

Our Florida Misrepresentations and Omissions Attorneys Office

Call our Florida Misrepresentations and Omissions Attorneys at (813) 560-2992 or (800) 259-9010 or contact us online to ask for your free case consultation.

407 N Howard Ave #201A
Tampa, FL 33606