There are countless individuals who fall victim to investment fraud due to negligent advisors or we may have been a potential target. This increases the importance of understanding how to deal with the aftermath of the financial loss. Not only does the victim experience the difficulty of the financial loss, but it can also result in serious emotional trauma.
The Financial Industry Regulatory Authority (FINRA) has released some of the things that victims should do if they have been victims of investment fraud. This recovery checklist can help you get through this matter as positively as possible.
Gather Your Investment Fraud Information
Create a file that has all of your documents detailing the fraud. Keep this file in a secure location so you know where to access it when needed. This should include the name of the investor, their mailing address and any other contact information you may have. If possible, keep a timeline of the events so you can use this as evidence if necessary.
Protect Your Rights
If you are a victim of investment fraud, you have specific rights to take action. By knowing your rights, you can effectively move towards recovery of your funds, as well as what action may be taken against the investor who wronged you.
Know How and to Whom to Report the Fraud
When you believe you have been a victim of fraud, there are various agencies to whom you can report the incident. For instance, various regulators who watch over the world of investments can include FINRA, the Securities and Exchange Commission, and other government agencies. You can also report criminal behavior to the correct law enforcement.
Consider Your Options
As any victim of investment fraud would, when you suffer a financial loss, you will want to consider ways to recover the funds lost. This means you can seek legal assistance to help go through the correct avenues and seek recovery on your behalf.
At Meyer Wilson, our investment fraud lawyers are determined to help victims of fraud understand their rights and seek to recover the financial losses they may have suffered. We are here for you. Call us today or fill out our online form to get started.