individual investors

LAX & NEVILLE, LLP, has the experience and knowledge when representing victims of stockbroker fraud or misconduct. We represent investors who have been victimized by negligent or illegal Wall Street practices and lost thousands or even millions of dollars. We stress an aggressive but realistic approach to each case and offer clients the point of view of practitioners who spent many years as in-house counsel and who still regularly defend these same claims and sit as a NASD arbitrators. How do we do this? We represent mostly smaller or regional firms, and individual brokers – while taking investor cases against the larger national brokerage firm across the whole country.

If you are an Investor….we will analyze and evaluate the losses sustained in your accounts whether your broker traded your account without your authorization, or your broker recommended that you invest in securities that were unsuitable given your background, income, net worth, goals and objectives. Or you were encouraged to over-concentrate your portfolio in a limited number of stocks or limited number of sectors in the market. Or you lost money when your broker “churned” your account by buying and selling stocks to an excessive degree, generating extraordinary commissions for the broker but a loss for you. Or your broker recommended that you utilize excessive margin. Or you purchased a stock based on brokerage firm’s misrepresentations, including stock analyst misconduct. Or your brokerage firm failed to execute the trade you ordered.
While representing you in the arbitration, our firm frequently uses the services of the nation’s top mediators in efforts to resolve the dispute prior to a hearing.

In almost every brokerage firm customer agreement there is a mandatory industry arbitration clause. The merger of the NYSE and NASD’s arbitration forums into the new FINRA arbitration process created basically one arbitration forum for customer arbitration claims. Our firm is completely familiar with all FINRA arbitration rules, in fact, partners of the firm speak at seminars and continuing education events on such rules and rule changes. The Partners of LAX & NEVILLE, LLP, have litigated and achieved ten’s of millions of dollars of recovery for clients at FINRA arbitrations.