Local Spotlight – Howard Rosenfield: Investment Recovery Attorney

investment recovery attorneyHoward Rosenfield: Investment Recovery Attorney For Over 35 Years

Broker misconduct is a serious problem. If you find yourself involved with a dishonest broker, you need a serious person to help you reclaim your investments. Experienced investment recovery attorney Howard Rosenfield offers various services to help protect you in cases of broker misconduct.

Corrupt agents recommend investments that are unsuitable for investors’ financial needs, knowledge, experience, or background. Howard Rosenfield demands mediation or arbitration from brokers and their firms when they abuse investors’ trust. You have the right to a speedy resolution. Mediation and arbitration facilities of FINRA and the AAA solve disputes quickly and at a lesser cost.

When confronted, fraudulent brokers lie and make excuses for their reckless conduct. An investment recovery attorney like Howard Rosenfield separates the lies from the truth in investment misconduct cases. His experience and expertise win cases. He returns some or all of their lost money to clients. There are many ways that brokers scam people. Howard Rosenfield helps with them all.

What Is The Cause Of Investment Fraud?

Unfortunately, investment fraud is relatively common. Negligent brokers target smaller investors for their schemes. Greed and ego motivate harmful agents and think they can get away with reckless behavior. Often brokers get away with their misdeeds. However, investment recovery attorneys like Howard Rosenfield work to change that.

What Is Securities Fraud?

Negligent brokers make reckless investments that lose your money. They give bad advice without doing research. They make unneeded trades to make more markups and commission, a practice called “churning.” Fraudulent agents make trades without investors’ consent and misrepresent the risk of deals. So if your broker committed one or more of these actions, you have a case for securities fraud.

There are several different kinds of investment fraud:

  • Stock fraud – Investors flock to the stock market for its promise of fast, easy money. In reality, the stock market, when played correctly, returns modest amounts most of the time. Stockbrokers use charisma to convince investors to make decisions that ultimately profit the broker.
  • Ponzi Schemes – Pyramid schemes promise returns to those who put up money and recruit others to join the scheme. These plans often involve products such as weight loss supplements, rental properties, or makeup. Ponzi schemes are pyramid schemes that take advantage of financial investors.  The scheme is named after Charles Ponzi, who took money from new investors to pay off longer-term investors as well as line his own pockets.
  • Promissory Notes – An interest-earning loan from an investor to a company. These are typically worthless paper.
  • Online trading – Fraudulent online brokers peddle bad and fake investments using the internet. Convenience attracts investors to online trading. However, there are risks involved. Common problems include online brokerage firms biting off more than they can chew. These companies take in more investors than they can handle. They fail at executing investors’ orders in time and money is lost.
  • Financial abuse of the elderly – Affinity fraud is when brokers gain the trust of a group to appeal a bad investment. Groups often targeted with affinity fraud include the elderly. Bad agents use undue influence to take advantage of the elderly’s trust.


Do you have a financial advisor misconduct claim?

You have the right to prosecute fraudulent brokers when you lose money. However, only 7% of financial advisors receive disciplinary action. That is why investment recovery attorney Howard Rosenfield represents small investors no matter the size of the financial advisor misconduct claim. He holds dishonest brokers accountable for fraud, large or small.

Financial advisement customers are not experts in SEC and FINRA rules and regulations. Negligent agents count on investors not speaking up when something is amiss. So if your agency committs any of the following, you have a reason for suspicion.

  • Mandatory margin accounts – If your brokerage firm insists on automatically opening a margin account, resist. These margin accounts use borrowed moneyto buy securities. The investor pays back the borrowed money with interest no matter how those securities do. Margin accounts gamble with borrowed money, which is a stupid move.
  • Overconcentration – Good investors agree that a diverse portfolio is a stable portfolio. Overconcentration happens when brokers advise their clients to only invest in one thing. Therefore, if an agent is giving you this advice, they may have an ulterior motive. This is worth investigating.
  • Financial advisor wrongdoing – Ethics obligate brokers to go over an investment’s risks regarding their client’s financial background and history. Furthermore, the “Know Your Customer” rule states that advisors are responsible for due diligence when it comes to a customer’s risk level. Investment recovery attorney Howard Rosenfield determines which of your losses were due to normal circumstance and which resulted from financial advisor wrongdoing.


If you fear your or someone you know is the victim of broker fraud, contact investment recovery lawyer Howard Rosenfield. With offices located in Connecticut and Florida, Rosenfield’s investment fraud protection services reach nationwide. Call today at 1-860-777-1237.

Posted on March 7, 2017 in Local Spotlight

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