Maryland Securities Arbitration and Investment Fraud Attorneys
Sections 301 and 703 of the Maryland Securities Act
Have you lost money with a financial advisor in Maryland? Israels & Neuman are securities arbitration and investment fraud attorneys that represent Maryland residents who have been wronged by their stockbrokers and brokerage firms. We have previously represented investors throughout Maryland in FINRA arbitration, including the following:
Maryland residents are protected by the provisions of the Maryland Securities Act. This Act provides for the regulation of the sale of securities to Maryland residents and to Maryland financial advisors and stockbrokers. Additionally, the Maryland Securities Division, with offices in Baltimore, was created to help enforce the provisions of the Maryland Securities Act.
Section 301 of the Maryland Securities Act provides for liability if a financial advisor, stockbroker, or investment advisor misrepresents the risks of an investment to you. In particular, this statute provides that:
It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly to:
(1) Employ any device, scheme, or artifice to defraud;
(2) Make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or
(3) Engage in any act, practice, or course of business which operates or would operate as a fraud or deceit on any person.
See Md. Code § 11-301. Section 703 of the Maryland Securities Act further provides civil remedies in the event that the Act is violated:
A person is civilly liable to the person buying a security from him if he:
See Md. Code § 11-703.
If your financial advisor or stockbroker makes misrepresentations to you when selling securities, he or she may be liable for your losses. In addition, the brokerage firm that your advisor works for may also be liable.
Israels & Neuman PLC is a securities arbitration and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and the Seattle area. We represent investors in FINRA arbitration and securities arbitration proceedings in all 50 states, including representing investors previously throughout Maryland, and in Baltimore, Annapolis, Silver Spring, Frederick, Gaithersburg, Rockville, Bowie, College Park, Landover, the Washington DC area, and others. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Maryland Securities Act
IF YOU ARE A RESIDENT OF MARYLAND AND HAVE LOST MONEY WITH YOUR FINANCIAL ADVISOR OR INVESTMENT ADVISOR, PLEASE CONTACT ISRAELS & NEUMAN AT (720) 599-3505 FOR A FREE EVALUATION OF YOUR CASE.
FREE CASE EVALUATION
DENVER: (720) 599-3505
SEATTLE: (206) 795-5798