How to Find the Right Stockbroker Fraud Lawyer?

Stockbroker frauds are pretty common these days. The Southern District of New York leads in securities and investment fraud offenders.

If you have become a victim of stockbroker fraud, it is essential to find a lawyer to get the compensation you deserve. It is daunting to know which one is right for you with so many lawyers out there.

Here are some suggestions to find out the right stockbroker fraud lawyer:

Look for A Lawyer Who Specializes in Securities Law

Securities law involves the regulation of the securities industry. Lawyers who specialize in this area have the knowledge and experience to help you with your case.

Some regulations are:

SEC rules and regulations

The Securities and Exchange Commission is responsible for enforcing securities laws. If your lawyer is familiar with SEC rules and regulations, they are better equipped to help you with your case.

  • Fraud law

The SEC also regulates fraud in the securities industry. Lawyers who specialize in this sector are familiar with different types of stockbroker fraud and represent you best.

If you face any stockbroker fraud, you should look for a lawyer specializing in securities law.

  • FINRA arbitration

It includes arbitration proceedings involving brokers, broker-dealers, customers, and other persons or entities claiming to have been damaged by the wrongful conduct of its employees.

FINRA is known as the Financial Industry Regulatory Authority, which oversees the securities industry. Lawyers familiar with FINRA arbitration are better equipped to sort out your case.

Make Sure the Lawyer Has Experience Dealing with Cases Like Yours

It is essential to find a lawyer with experience dealing with the same case as yours. You want to be sure that they help you get the compensation you deserve.

Some types of investment fraud cases are:

a) A Ponzi Scheme

It is an investment fraud where the scheme operator pays returns to the investors from their own money or the money paid by the new investors rather than from a profit earned by the operators.

b) Margin Call Fraud

It is a type of fraud where the stockbrokers sell securities without authorization from their clients.

c) Unsuitability Trading

It is a type of investment fraud when the brokers recommend an unsuitable investment strategy to their clients.

Make sure the stockbroker fraud lawyer you choose has experience dealing with such cases. It will give you the chance to win your case.

Ask for References from Past Clients

You can ask the lawyer for a list of past clients and then contact them to get their opinion. And ask them the following questions:

  • How well did the lawyer communicate with you?
  • Did the lawyer keep you informed of what was happening in your case?
  • Did the lawyer seem knowledgeable about securities law and investment fraud?
  • How well did the lawyer represent you in court?
  • Did the lawyer get you the compensation you deserved?

If you get good feedback from past clients, the lawyer will likely be good at representing you.

Get Quotes from Several Different Lawyers Before Making a Decision

It is always good to get quotes from several different lawyers before deciding. Thus you will get the idea of how much the lawyer charges and what they can do for you.

Be sure to ask the lawyer about their fees and what is included in the price. You don’t want any surprises later on.

Ensure the Attorney Is Licensed to Practice in Your State

It is a good idea to make sure the lawyer you are hiring is licensed to practice law in your state. You should check online to see if the lawyer is licensed in your state or not.


Hiring a stockbroker fraud lawyer can be a daunting task. Once you use the suggestions here, you will be sure to find the best attorney in your city.

About Ambika Taylor

Myself Ambika Taylor. I am admin of For any business query, you can contact me at [email protected]