Investors Bilked By Unethical Brokers Do Have Legal Recourse
With the recent arrest of Ponzi financier Bernard L. Madoff, the SEC and NASAA reports that phony securities cost U.S. investors between $10 and $15 billion a year - more than a million dollars an hour. Losing one's life's savings through unethical brokers and broken securities laws is not a normal market risk. Yet, only 5 percent of investors ever seek recourse. Investment and securities attorney, Fredrick J. Todd, suggests that investors do have a way to recover lost assets. 2009-03-17 |