Investor Fraud

In order to retain clients, stockbrokers, analysts, and investment bankers sometimes allow a conflict of interest to color their stock reports. For example, an investment banker might unfairly give its clients stocks a good rating to ensure it keeps the client's business. Such action, called investor fraud, not only misleads investors, but it also swindles them out of billions in hard-earned wages. In recent times, a number of once-reputable firms, such as Merrill Lynch, Morgan Stanley, Salomon Smith Barney, Bear Stearns, Credit Suisse, Deutsche Bank, JP Morgan, and UBS Warburg, have been accused of investor fraud. Although the Securities and Exchange Commission (SEC) has fined several of theses companies, they have not as whole been effectively deterred from continuing to commit investor fraud. If you or a loved one has lost money due to investor fraud, Mr. Kennedy can help. Please contact our firm today so that we may review your case.

Shareholder Fraud

A company executive or accountant is committing shareholder fraud any time he unlawfully conceals earnings, debts, mergers, acquisitions, or other relevant financial transactions of the company. Shareholders – or consumers – typically only buy stock in companies they believe will be solid and profitable; virtually no one will invest in a corporation plagued by debt or surrounded by scandal. However, to attract new or keep existing shareholders, companies facing such difficulties sometimes conceal their debts or inflate their profits, making themselves seem much more steadfast than they truly are. This dishonesty may help the company survive a bit longer, but it can spell disaster for the investors. Some shareholders invest their life savings, retirement, and kids’ education funds in misrepresented companies, only to lose everything when the company’s fraud and financial ruin is exposed. Former energy powerhouse Enron is a prime example of such deception, as it cost shareholders billions. Mr. Kennedy is an experienced stock fraud attorney who is dedicated to helping the victims of shareholder fraud recover their losses. Please contact our firm today to schedule a consultation.