It can be difficult to recover losses from futures. For those who have lost money from futures due to investment fraud or misrepresentation, speak with a securities lawyer. From here, your lawyer can determine if you have grounds for a claim against any responsible parties.
Trust a futures investment loss lawyer to serve as your legal representative and advocate. Your attorney will evaluate your monetary losses from futures and discuss your legal options with you. If necessary, your lawyer can file your claim and build your case for compensation.Â
When Can You Recover Losses From Futures?
If you are the victim of investment fraud or misrepresentation, you could recover your losses from futures through a claim with the Financial Industry Regulatory Authority (FINRA). A broker misconduct lawyer can teach you about this option. Typically, if you file a FINRA claim, you will present your case to arbitrators, and they will make a decision on it that is final and binding. Â
Ultimately, futures are risky investments, and the losses that you can incur if you invest in them can be significant. If a broker or adviser had no involvement in your investment in futures, it is highly unlikely that securities attorneys will be able to help you recover your losses.Â
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How Can You Recover Your Futures Losses?
To start the process of recovering your futures losses, stop investing for the time being, assess the situation, and review your investments. This allows you to avoid further losses and examine your investment strategy. In addition, here are the steps to take if you believe your losses are the result of investment fraud or misrepresentation.Â
1. Gather Evidence
Collect account statements, written communications between you and your broker or adviser, and other proof to support your case for compensation. Your lawyer will help you retrieve evidence from a wide range of sources. Your proof can show that a broker or adviser violated their duty of care, leading to your losses from futures.
2. Notify the Authorities
Inform the Federal Trade Commission (FTC), Commodity Futures Trading Commission (CFTC), and your state’s securities regulator or Attorney General about possible fraud or misrepresentation. Also, file a claim with FINRA to report potential misconduct.Â
3. Submit Your Claim
Read through your brokerage contract or client agreement with a futures investment loss attorney. Together, you and your lawyer can find out how your broker or adviser handles the recovery of losses from futures. Generally, your lawyer will guide you through FINRA’s arbitration process and get your case ready to go in front of arbitrators.
If you try to recover your losses from futures alone and make a mistake as you go through FINRA arbitration, you will hurt your chances of getting compensation. Instead, work with a broker misconduct attorney, and they can craft an argument designed to make it clear to FINRA arbitrators why compensation is warranted.Â
Factors to Consider as You Try to Recover Losses From Futures
Regardless of what happens as you attempt to recover your losses from futures, now is a great time to analyze your investment strategy. If there are flaws in your investment strategy, change the way you invest. This can boost your chances of getting the maximum return on your investments moving forward.
Who you choose as your attorney makes a difference in your recovery of losses from futures. Select a lawyer who has a track record of success in loss of futures cases. Your lawyer will commit the time and resources required to help you achieve the case results you want.Â
Give FINRA arbitration the attention it deserves. Remember, arbitration is an opportunity to prove that your case is valid and that a broker or adviser should be held accountable for your financial losses. By partnering with a lawyer who knows the ins and outs of FINRA arbitration, you are well-equipped to secure compensation for your futures losses.Â
Our lawyers are nationwide leaders in investment fraud cases.
Ask for Legal Help if You Want to Recover Losses from Futures
You have no idea how to respond after you suffer futures losses. What you do in the aftermath of these losses will impact you for a long time. If you take legal action against anyone at fault for investment fraud or misrepresentation, you could recover losses from futures.
Meyer Wilson Werning has over 75 years of experience and has served thousands of clients. Our team understands the challenges you will encounter if you want to receive compensation as part of a loss of futures claim. We will address these challenges on your behalf. To learn more, schedule a case consultation with us.Â
Recovering Losses Caused by Investment Misconduct.