ISRAELS & NEUMAN, PLC – Virginia Securities Arbitration and Investment Fraud Attorneys
Sections 502 and 522 of the Virginia Securities Act
Have you lost money with a financial advisor in Virginia? Israels & Neuman are securities arbitration and investment fraud attorneys that represent Virginia residents who have been wronged by their stockbrokers and brokerage firms. We have previously invested investors throughout Virginia in FINRA arbitration, including the following:
Virginia residents are protected by the provisions of the Virginia Securities Act. This Act provides for the regulation of the sale of securities to Virginia residents and to Virginia financial advisors and stockbrokers. Additionally, the Virginia Division of Securities and Retail Franchising, with offices in Richmond, was created to help enforce the provisions of the Virginia Securities Act.
Section 502 of the Virginia 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 shall be unlawful for any person in the offer or sale of any securities, directly or indirectly,
(1) To employ any device, scheme or artifice to defraud, or
(2) To obtain money or property by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, or
(3) To engage in any transaction, practice or course of business which operates or would operate as a fraud or deceit upon the purchaser.
See Va. Code § 13.1-502. The Virginia Securities Act further provides civil remedies in the event that the Act is violated:
See Va. Code § 13.1-522.
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 Virginia, and in Richmond, Virginia Beach, Chesapeake, Arlington, Alexandria Norfolk, Newport News, Hampton, Roanake, Portsmouth, Lynchburg, the Washington DC area, and others. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
Click to view: Virginia Securities Act
IF YOU ARE A RESIDENT OF VIRGINIA 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