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Standing Up for Defrauded Investors Across New York State
When you’ve suffered investment losses due to securities fraud or broker misconduct in New York, you need a dedicated New York investment fraud lawyer who understands the state’s sophisticated financial landscape and robust regulatory framework. At Patil Law, P.C., we specialize in helping New York investors recover losses caused by financial advisor misconduct, securities fraud, and complex investment schemes.
Since our founding, Patil Law, P.C. has recovered over $25 million for clients nationwide, with significant recoveries for New York investors from Manhattan to Buffalo and throughout the state. Our firm brings specialized expertise in securities law, FINRA regulations, and New York’s comprehensive investor protection statutes that residents need when facing devastating financial losses.
Investment Fraud in the Empire State: Understanding New York’s Unique Financial Landscape
Investment fraud occurs when financial professionals use deceptive or manipulative practices that cause investors to lose money. In New York, with its position as a global financial center, we’ve observed concerning patterns of fraud targeting various communities:
- Complex financial product fraud particularly prevalent in the New York City metropolitan area
- Hedge fund and private equity investment schemes targeting sophisticated New York investors
- Affinity fraud schemes within New York’s diverse cultural and professional communities
- Unsuitable investments recommended to New York retirees with conservative investment needs
- Ponzi and pyramid schemes devastating investor communities from Long Island to Rochester
- Foreign currency and commodities fraud leveraging New York’s position in global markets
Example Scenario: A financial advisor in Manhattan convinces a New York professional to invest heavily in an “exclusive” hedge fund opportunity, misrepresenting the risks while promising market-beating returns based on proprietary trading strategies. When the investment collapses, the investor loses a significant portion of their savings intended for their family’s future.
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How a New York FINRA Lawyer Can Help Recover Your Losses
When you hired your financial advisor or broker, you trusted them to act in your best interest with the professionalism expected in New York’s sophisticated financial markets. Unfortunately, many financial professionals in New York breach this trust through negligence or deliberate fraud. As experienced New York FINRA lawyers, we understand how to navigate both New York courts and FINRA arbitration to help recover your investment losses.
FINRA (Financial Industry Regulatory Authority) provides a specialized forum for resolving disputes between investors and financial professionals. As your New York FINRA attorney, we will:
- Conduct a thorough investigation to identify all instances of misconduct
- Document violations of New York securities laws, federal regulations, and FINRA rules
- File and prosecute your FINRA arbitration claim or court action as appropriate
- Negotiate settlements when appropriate to recover your losses
- Represent you at hearings before FINRA arbitration panels or New York courts
Many New York investors don’t realize that while FINRA arbitration is often mandatory, New York’s strong investor protection laws may provide additional avenues for recovery. Having an experienced New York investment fraud lawyer representing your interests is critical to navigate these complex legal processes successfully.
New York’s Robust Investor Protection Laws
New York has some of the most comprehensive securities laws in the nation. The Martin Act (New York General Business Law, Article 23-A) gives New York regulators broad powers to combat securities fraud and is enforced by the New York Attorney General’s office. Additionally, the New York Investor Protection Bureau actively investigates securities fraud affecting New York residents.
Our New York investment fraud attorneys leverage both state and federal laws to build the strongest possible case for our clients. We work closely with New York regulatory authorities when appropriate to address fraudulent investment activities affecting New York residents.
Common Types of Investment Fraud Affecting New York Investors
Our New York investment fraud attorneys regularly handle cases involving:
- Unsuitable investment recommendations that don’t align with New York clients’ risk tolerance and financial goals
- Breach of fiduciary duty where advisors place their interests above New York investors
- Material misrepresentations about investment risks and potential returns
- Excessive trading (churning) to generate commissions at New York clients’ expense
- Failure to diversify portfolios to protect New York investors from market volatility
- Selling away where brokers sell investments not approved by their firms
- Ponzi and pyramid schemes targeting New York communities
- Elder financial abuse targeting New York’s senior population
- Complex product fraud involving structured products, options, and alternative investments
- Foreign investment scams leveraging New York’s international character
If you’ve experienced significant investment losses in New York, don’t assume it’s simply due to market conditions. Many losses result from actionable misconduct that an experienced New York investment fraud lawyer can help address.
Why New York Investors Choose Patil Law, P.C.
When New York investors face investment losses, they need a law firm with specialized expertise in securities law and FINRA arbitration. Patil Law, P.C. brings unmatched experience to these complex cases:
Meet Chetan Patil
Chetan Patil is the founder and Managing Partner of Patil Law, P.C.. He brings over 15 years of extensive experience in diverse complex disputes and transactions across the country. Mr. Patil specializes in litigations, trials, arbitrations, and appeals of complex securities, FINRA, financial and business disputes, with an emphasis in securities, financial services, and financial regulatory law.
Few attorneys have the depth and breadth of his legal experience and judgment. He has handled and overseen well over a thousand litigation and arbitration cases in Federal and State Courts and arbitration forums across the country. Chetan has represented defrauded investors, family trusts, family offices, public and private companies of all kinds (including banks and other financial institutions), broker-dealers, registered investment advisors, advisory firms, and securities brokers.
Chetan’s vast trial and arbitration experience includes business, securities, and financial fraud; breach of contract; real estate transactions and disputes; employment disputes; unfair competition; noncompete and restrictive covenant cases; and intellectual property disputes including copyright and trademark infringement. He is a highly experienced and respected litigator as well as an effective negotiator.
Mr. Patil began his career at a large (over 150 attorneys) Midwestern law firm. He then was recruited to a senior litigation position at Cetera Financial Group, one of the largest brokerage firms in the United States, with over $115 billion in assets under management as of 2022. In this role, he managed internal attorneys, external legal counsel, significant regulatory matters, and significant legal matters with exposure exceeding $1 million. On average, he would be responsible for an annual litigation portfolio of approximately $20 million.
This insider perspective gives our New York clients a significant advantage when pursuing FINRA claims against major financial institutions, many of which are headquartered in New York City.
Special Focus: Complex Financial Products and Wall Street Fraud
New York’s position as the world’s financial capital makes it a hotbed for sophisticated investment fraud involving complex financial products. Investment banks, hedge funds, and other financial institutions based in New York often create and sell complicated investment vehicles that may be misrepresented to investors.
Our New York investment fraud attorneys have specific experience with complex financial product cases and understand the sophisticated financial engineering that may be used to obscure risks. We work diligently to help victims of these schemes recover their losses and hold the perpetrators accountable.
Signs You May Be a Victim of Investment Fraud in New York
New York investors should watch for these warning signs of potential investment fraud:
- Unexplained drops in account value
- Unauthorized transactions appearing in your statements
- Excessive or frequent trading activity
- Investments that don’t match your stated objectives and risk tolerance
- Over-concentration in a single investment or sector
- Promises of guaranteed returns or “risk-free” investments
- Pressure to act quickly on investment opportunities
- Difficulty withdrawing funds from your account
- Missing account statements or confirmations
- Investments not registered with New York State authorities
If you notice these red flags, contact a New York investment fraud lawyer immediately to protect your rights.
The FINRA Arbitration Process for New York Investors
Most investment agreements contain mandatory arbitration clauses that require disputes to be resolved through FINRA rather than New York courts. The FINRA arbitration process typically involves:
- Filing a Statement of Claim detailing the misconduct and your losses
- Respondent’s Answer where the broker/firm responds to allegations
- Arbitrator Selection choosing the panel who will decide your case
- Discovery exchange of relevant documents and information
- Pre-hearing Conferences to address procedural issues
- Evidentiary Hearing similar to a trial but less formal
- Final Decision which is binding and difficult to appeal
As experienced New York FINRA lawyers, we navigate this complex process on behalf of our clients to maximize their recovery potential. With many FINRA hearings taking place in New York City, our familiarity with local procedures provides our clients with a significant advantage.
Serving Investors Throughout New York State
Patil Law, P.C. represents investors across the Empire State, including:
- New York City (Manhattan, Brooklyn, Queens, Bronx, Staten Island)
- Long Island (Nassau and Suffolk Counties)
- Westchester County
- Buffalo
- Rochester
- Syracuse
- Albany
- Yonkers
- Schenectady
- Utica
- Binghamton
- White Plains
- New Rochelle
- Ithaca
- And all surrounding communities
Don’t Wait to Protect Your Financial Future
If you’ve suffered investment losses in New York, don’t delay seeking legal advice. FINRA claims and New York securities laws are subject to strict time limitations. Waiting too long can permanently bar your right to recovery.
Contact Patil Law, P.C. today for a confidential consultation with an experienced New York investment fraud lawyer. We’ll evaluate your case, explain your legal options, and develop a strategy to help recover your investment losses.
FINRA ARBITRATION REPRESENTATION FOR NEW YORK INVESTORS
Contact our office today at 800-950-6553 or click here for a free consultation.