ISRAELS & NEUMAN, PLC – Chicago, Illinois Securities Arbitration and Investment Fraud Attorneys
Sections 12 and 13 of the Illinois Securities Law of 1953
Israels & Neuman are securities arbitration and investment fraud attorneys that represent Illinois residents who have been wronged by their stockbrokers and brokerage firms. Attorneys Aaron Israels and David Neuman are both licensed to practice law in Illinois. Our attorneys have previously represented over 100 Illinois and Chicago area investors who have been the victims of unsuitable investment recommendations, fraud, and theft, including the following:
Illinois residents are protected by the provisions of the Illinois Securities Law of 1953. This Law provides for the regulation of the sale of securities to Illinois residents and to Illinois financial advisors and stockbrokers. Additionally, the Illinois Securities Department, with offices in Springfield and Chicago, was created to help enforce the provisions of the Illinois Securities Law.
Section 12 of the Illinois Securities Law 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:
Sec. 12. Violation. It shall be a violation of the provisions of this Act for any person:
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See 815 ILCS 5/12. The Illinois Securities Law of 1953 is also supplemented by the securities regulations implemented under Part 130. The Illinois Securities Law further provides civil remedies in the event that the Act is violated, including 10% annual interest, reasonable attorneys’ fees, and costs. See 815 ILCS 5/13.
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 Washington, Oregon, Colorado, and Michigan. We represent investors in FINRA arbitration and securities arbitration proceedings in all 50 states, including representing investors previously throughout Illinois, and in Chicago, Aurora, Rockford, Naperville, Joliet, Peoria, Champaign, Urbana, Springfield, Arlington Heights, St. Charles, Geneva, Schaumburg, Bartlett, Barrington, Elgin, Waukegan, Palatine, Skokie, Sterling, Rock Falls, Rock Island, Moline, Plainfield, and others.
Attorney David Neuman was born in Berwyn, Illinois and grew up in the western suburbs in Addison. He earned a degree in Finance at the University of Illinois in Urbana-Champaign before earning his law degree at Northern Illinois University in DeKalb, Illinois. Mr. Neuman also previously worked for a number of Chicago area law firms, including firms in St. Charles, Geneva, Chicago, and Barrington. He also previously lived in the Ravenswood neighborhood on the north side of Chicago.
Attorney Aaron Israels was born in western Michigan and is also licensed to practice law in the State of Illinois. He has represented a number of investors in Illinois state courts.
Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Illinois Securities Law of 1953
If you are a resident of Illinois and have lost money with your financial advisor or investment advisor, please CONTACT ISRAELS & NEUMAN at 206-795-5798 for a free evaluation of your case.
FREE CASE EVALUATION
DENVER: (720) 599-3505
SEATTLE: (206) 795-5798