Companies, persons and affiliates violate federal, state and common law when they misrepresent or deceive investors and other persons about the true facts and circumstances of a product. To misrepresent a fact and deceive a prospective customer or investor is a blatant violation of law. Full disclosure of material facts is also necessary to make the statements which are made not misleading.
Banks, brokerage firms, companies, controlling persons and investment professionals are required by law to be truthful in all written and oral sales presentations to investors. All prospectuses, offering materials, private placement memorandae, marketing materials, and oral presentations must fully disclose all material risks and features of any investment. The presentations must balance the positive and negative aspects of the investment and fully disclose what the investment professional and their employer will earn from the recommendation.
Failing to disclose or misrepresenting material facts or risks of investments to investors may subject banks, brokerage firms, and investment professionals to liability for statutory and common law securities violations. Common fraud claims occur when written offering materials fail to fully disclose material risks to investors or when investment professionals downplay significant risks of an investment to potential investors.
A false or misleading statement is material if there is a substantial likelihood that a reasonable person would consider it important in deciding how to act. All material facts and risks must be conveyed in a prominent, specific and comprehensible manner.
Legal Help for Victims of Securities Fraud
If you purchased a security where the promotional materials or investment professional failed to fully disclose or omitted material facts or risks, you may have a claim for damages. Gilman Law LLP, Naples, Florida Securities Office is a leading securities fraud law firm and is here to help you recover damages for the material misrepresentations and omissions. For a FREE evaluation of your case, please fill out our online form, or if you need to speak to an attorney right away CALL TOLL FREE (1-888-252-0048) today.
For over 40 years, we have represented investors in securities litigation for their investment losses due to misrepresentation and omissions, and securities fraud in counties throughout Florida, including Collier County, Lee County, Charlotte County, Hillsborough County, Miami Dade County, Broward County, Orange County, Duval County, and Palm Beach County.